Ag Growth International Inc. (TSE:AFN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.95 and traded as high as C$41.86. Ag Growth International shares last traded at C$41.65, with a volume of 45,255 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on AFN shares. CIBC lowered their price objective on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Raymond James Financial raised Ag Growth International from a "market perform" rating to an "outperform" rating and lowered their price target for the company from C$52.00 to C$47.00 in a research report on Friday, March 7th. National Bankshares boosted their price target on Ag Growth International from C$49.00 to C$51.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Desjardins raised Ag Growth International to a "moderate buy" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada raised Ag Growth International from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$40.00 to C$50.00 in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Ag Growth International has a consensus rating of "Moderate Buy" and an average target price of C$49.43.
View Our Latest Stock Report on Ag Growth International
Ag Growth International Stock Performance
The stock has a 50-day simple moving average of C$38.85 and a 200-day simple moving average of C$38.75. 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 stock has a market cap of C$813.44 million, a PE ratio of 33.98, a P/E/G ratio of 1.30 and a beta of 2.29.
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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