Ag Growth International (TSE:AFN) Price Target Lowered to C$48.00 at CIBC

Ag Growth International (TSE:AFN - Get Free Report) had its price objective lowered by stock analysts at CIBC from C$56.00 to C$48.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's target price would indicate a potential upside of 30.47% from the stock's current price.

Other analysts have also issued reports about the stock. Raymond James upgraded shares of Ag Growth International from a "market perform" rating to an "outperform" rating and reduced their price target for the stock from C$52.00 to C$47.00 in a research note on Friday. Desjardins reduced their price target on shares of Ag Growth International from C$57.00 to C$49.00 and set a "buy" rating for the company in a research note on Friday. National Bankshares reduced their price target on shares of Ag Growth International from C$55.00 to C$51.00 and set an "outperform" rating for the company in a research note on Friday. TD Securities reduced their price target on shares of Ag Growth International from C$57.00 to C$48.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Atb Cap Markets lowered shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$50.25.

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Ag Growth International Stock Up 0.4 %

TSE:AFN traded up C$0.16 on Friday, reaching C$36.79. 134,163 shares of the stock traded hands, compared to its average volume of 117,222. The company has a market capitalization of C$703.16 million, a price-to-earnings ratio of 29.37, a PEG 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 12 month low of C$31.60 and a 12 month high of C$64.43. The company's fifty day simple moving average is C$39.85 and its 200 day simple moving average is C$48.09.

Insider Activity at Ag Growth International

In other news, Director Janet Giesselman purchased 6,000 shares of the stock in a transaction on Friday, March 7th. The shares were acquired at an average price of C$36.35 per share, with a total value of C$218,076.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. 1.06% of the stock is currently owned by company insiders.

About Ag Growth International

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.