CIBC Raises Ag Growth International (AFN) Price Target to C$70.00

Ag Growth International (TSE:AFN) had its price objective upped by CIBC from C$65.00 to C$70.00 in a research note released on Wednesday morning.

Other equities analysts have also recently issued research reports about the stock. Laurentian Bank of Canada lowered their price objective on shares of Ag Growth International from C$70.00 to C$63.00 in a research report on Monday, November 13th. Laurentian lowered their price objective on shares of Ag Growth International from C$70.00 to C$63.00 in a research report on Monday, November 13th. TD Securities lowered their price objective on shares of Ag Growth International from C$72.00 to C$68.00 and set an action list buy rating for the company in a research report on Monday, November 13th. Scotiabank lowered their price objective on shares of Ag Growth International from C$65.00 to C$62.00 and set an outperform rating for the company in a research report on Monday, November 13th. Finally, National Bank Financial set a C$65.00 price objective on shares of Ag Growth International and gave the stock an outperform rating in a research report on Wednesday, January 3rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$64.50.

Shares of Ag Growth International (TSE:AFN) opened at C$58.71 on Wednesday. Ag Growth International has a one year low of C$47.08 and a one year high of C$60.26. The firm has a market cap of $938.54, a P/E ratio of 38.88 and a beta of 1.29.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.09%. Ag Growth International’s payout ratio is currently 158.94%.

In other Ag Growth International news, insider Timothy Jackson Close bought 1,298 shares of Ag Growth International stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of C$50.24 per share, for a total transaction of C$65,211.52. Also, Director Gary Keith Anderson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$53.45, for a total transaction of C$320,700.00.

COPYRIGHT VIOLATION NOTICE: “CIBC Raises Ag Growth International (AFN) Price Target to C$70.00” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2018/01/13/cibc-raises-ag-growth-international-afn-price-target-to-c70-00.html.

About Ag Growth International

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.

Analyst Recommendations for Ag Growth International (TSE:AFN)

Receive News & Ratings for Ag Growth International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply