CIBC Issues Positive Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price target upped by investment analysts at CIBC from C$70.00 to C$72.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 35.21% from the company’s previous close.

Other research analysts have also issued reports about the stock. Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. Royal Bank of Canada dropped their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$74.63.

Ag Growth International Trading Up 0.4 %

TSE AFN opened at C$53.25 on Thursday. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The firm has a market cap of C$1.02 billion, a PE ratio of 35.03, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a one year low of C$45.96 and a one year high of C$64.51. The firm’s fifty day moving average is C$51.82 and its two-hundred day moving average is C$52.90.

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.