AGT Food and Ingredients Inc (AGT) Stock Price Down 3.6%

AGT Food and Ingredients Inc (TSE:AGT)’s share price was down 3.6% during trading on Tuesday . The stock traded as low as C$22.89 and last traded at C$22.89. Approximately 66,116 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 87,187 shares. The stock had previously closed at C$23.74.

Several equities analysts recently commented on AGT shares. CIBC dropped their target price on AGT Food and Ingredients from C$32.00 to C$28.00 in a research note on Friday, October 13th. Raymond James Financial, Inc. dropped their target price on AGT Food and Ingredients from C$35.00 to C$32.00 and set a “market perform” rating for the company in a research note on Wednesday, July 26th. Finally, Scotiabank dropped their target price on AGT Food and Ingredients from C$26.50 to C$26.00 and set a “sector perform” rating for the company in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$31.00.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Wednesday, October 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.59%.

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AGT Food and Ingredients Company Profile

AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.

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