Ag Growth International (TSE:AFN) Price Target Raised to C$49.00

Key Points

• Ag Growth International's target price was raised by Desjardins from C$47.00 to C$49.00, indicating a potential upside of 13.19% from its current price.
• Several other firms, including National Bankshares and TD Securities, have also increased their price targets, with TD raising it to C$55.00 and maintaining a "buy" rating.
• The stock recently traded up 3.5%, reaching C$43.29, with a market capitalization of approximately C$827.39 million.

Ag Growth International (TSE:AFN - Get Free Report) had its target price upped by stock analysts at Desjardins from C$47.00 to C$49.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price would suggest a potential upside of 13.19% from the stock's current price.

A number of other research firms have also weighed in on AFN. National Bankshares boosted their price objective on Ag Growth International from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. ATB Capital upped their price target on Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a research note on Thursday, June 19th. TD Securities upped their price target on Ag Growth International from C$48.00 to C$55.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. CIBC decreased their price target on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada raised Ag Growth International from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$49.71.

Ag Growth International Trading Up 3.5%

TSE AFN traded up C$1.45 on Friday, reaching C$43.29. 78,748 shares of the company were exchanged, compared to its average volume of 94,022. The business's fifty day moving average price is C$41.17 and its 200 day moving average price is C$37.86. The stock has a market capitalization of C$827.39 million, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a fifty-two week low of C$30.81 and a fifty-two week high of C$57.10.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.

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