Ag Growth International Inc. (TSE:AFN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$74.63.

A number of equities research analysts have issued reports on the stock. CIBC raised their price target on shares of Ag Growth International from C$70.00 to C$72.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Raymond James cut Ag Growth International from an "outperform" rating to a "market perform" rating and cut their target price for the stock from C$72.00 to C$62.00 in a research note on Friday, October 18th. Finally, Royal Bank of Canada lowered their price target on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th.

Ag Growth International Stock Up 0.3 %

Shares of Ag Growth International stock opened at C$50.88 on Friday. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. Ag Growth International has a 52-week low of C$45.96 and a 52-week high of C$64.51. The company's 50 day moving average price is C$51.70 and its 200-day moving average price is C$52.95. The stock has a market capitalization of C$970.28 million, a price-to-earnings ratio of 33.47, a P/E/G ratio of 1.30 and a beta of 2.29.

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.