Ag Growth International Inc. (TSE:AFN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.67 and traded as high as C$43.54. Ag Growth International shares last traded at C$43.31, with a volume of 51,669 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AFN. Royal Bank Of Canada upgraded Ag Growth International from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$40.00 to C$50.00 in a research note on Thursday, May 8th. CIBC cut their price target on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Desjardins upgraded Ag Growth International to a "moderate buy" rating in a research note on Monday, June 9th. ATB Capital increased their price target on 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. Finally, TD Securities increased their price target on Ag Growth International from C$48.00 to C$55.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Ag Growth International currently has an average rating of "Moderate Buy" and an average price target of C$49.43.
Get Our Latest Research Report on AFN
Ag Growth International Price Performance
The firm's fifty day simple moving average is C$39.62 and its 200 day simple moving average is C$38.61. The firm has a market cap of C$811.33 million, a P/E ratio of 33.89, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41.
About Ag Growth International
(
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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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