Ag Growth International (TSE:AFN) Price Target Lowered to C$61.00 at CIBC

Ag Growth International (TSE:AFN - Get Free Report) had its target price decreased by CIBC from C$72.00 to C$61.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 46.78% from the company's current price.

Other equities analysts have also issued reports about the company. Royal Bank of Canada decreased their price target on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Raymond James dropped their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$67.25.

Ag Growth International Price Performance

AFN stock traded up C$0.27 during trading on Tuesday, hitting C$41.56. The company had a trading volume of 173,671 shares, compared to its average volume of 136,547. The firm has a market capitalization of C$792.55 million, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.30 and a beta of 2.29. The business has a 50 day moving average of C$51.72 and a 200 day moving average of C$52.78. Ag Growth International has a fifty-two week low of C$39.80 and a fifty-two week high of C$64.51. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

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.