Ag Growth International (TSE:AFN) Given New C$50.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reduced its price target for Ag Growth International from C$55.00 to C$50.00, while maintaining an "outperform" rating, indicating a potential upside of 41.04% from the current stock price.
• Other analysts have raised their targets for the company, with TD Securities increasing theirs to C$57.00 and Desjardins to C$49.00, reflecting a generally positive sentiment towards the stock.
• As of the latest trading, Ag Growth International's stocks are priced at C$35.45, with a one-year low of C$30.81 and a high of C$55.41.

Ag Growth International (TSE:AFN - Get Free Report) had its target price reduced by investment analysts at Royal Bank Of Canada from C$55.00 to C$50.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 41.04% from the stock's current price.

A number of other research analysts have also weighed in on the company. TD Securities raised their price objective on Ag Growth International from C$55.00 to C$57.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Desjardins increased their target price on Ag Growth International from C$47.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Raymond James Financial increased their target price on Ag Growth International from C$47.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Atb Cap Markets upgraded shares of Ag Growth International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. Finally, ATB Capital upped their price target on shares of Ag Growth International from C$43.00 to C$47.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ag Growth International has an average rating of "Buy" and an average price target of C$50.71.

Ag Growth International Stock Up 0.3%

TSE:AFN traded up C$0.12 during mid-day trading on Tuesday, hitting C$35.45. 32,764 shares of the company's stock were exchanged, compared to its average volume of 84,596. Ag Growth International has a one year low of C$30.81 and a one year high of C$55.41. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The business has a fifty day moving average price of C$39.65 and a 200 day moving average price of C$38.75. The company has a market cap of C$666.14 million, a PE ratio of -98.47, a P/E/G ratio of 1.30 and a beta of 1.15.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.

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