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

Ag Growth International (TSE:AFN) had its target price lowered by equities researchers at CIBC from C$72.00 to C$61.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 46.99% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada lowered their price objective 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 note on Tuesday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$67.25.

Ag Growth International Stock Up 0.5 %

AFN stock traded up C$0.21 during trading on Tuesday, reaching C$41.50. The stock had a trading volume of 105,137 shares, compared to its average volume of 128,113. The firm has a fifty day moving average price of C$51.72 and a 200 day moving average price of C$52.78. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company has a market capitalization of C$791.41 million, a P/E ratio of 27.30, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$39.80 and a 1-year high of C$64.51.

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.