Ag Growth International Inc (TSE:AFN) had its price target hoisted by Royal Bank of Canada from C$60.00 to C$65.00 in a research note released on Wednesday, May 10th. The firm currently has an outperform rating on the stock.
A number of other analysts also recently issued reports on AFN. TD Securities restated a hold rating and set a C$55.00 price objective on shares of Ag Growth International in a report on Thursday, February 16th. CIBC raised their price objective on shares of Ag Growth International from C$61.00 to C$63.00 and gave the company an outperform rating in a research report on Wednesday, April 26th. Scotiabank restated a sector perform rating and issued a C$56.00 price objective on shares of Ag Growth International in a research report on Thursday, February 16th. Laurentian Bank of Canada cut their price objective on shares of Ag Growth International from C$63.00 to C$61.00 and set a buy rating for the company in a research report on Thursday, February 16th. Finally, AltaCorp Capital reiterated an outperform rating on shares of Ag Growth International in a research report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$63.57.
In related news, insider Steven Robert Sommerfeld sold 5,246 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of C$50.78, for a total value of C$266,391.88.
Ag Growth International Company Profile
Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.
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