Ag Growth International (TSE:AFN) Stock Price Expected to Rise, CIBC Analyst Says

Ag Growth International (TSE:AFN) had its target price hoisted by investment analysts at CIBC from C$70.00 to C$72.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 35.36% from the company’s current price.

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

Ag Growth International Price Performance

Shares of TSE AFN traded down C$0.18 during trading on Thursday, hitting C$53.19. The company had a trading volume of 27,047 shares, compared to its average volume of 63,490. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The company has a market cap of C$1.01 billion, a P/E ratio of 34.99, a PEG ratio of 1.30 and a beta of 2.29. 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 business’s 50-day moving average is C$51.83 and its 200 day moving average is C$52.85.

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.