AGT Food and Ingredients Inc (TSE:AGT) had its price objective reduced by equities researchers at Scotiabank from C$26.50 to C$26.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 9.66% from the stock’s current price.
A number of other research analysts have also recently commented on the stock. National Bank Financial cut their price target on shares of AGT Food and Ingredients from C$42.00 to C$36.00 in a research note on Friday, May 5th. Raymond James Financial, Inc. cut shares of AGT Food and Ingredients from an “outperform” rating to a “market perform” rating in a research note on Monday, May 15th. BMO Capital Markets restated an “outperform” rating and set a C$40.00 price target on shares of AGT Food and Ingredients in a research note on Friday, April 28th. AltaCorp Capital restated a “sector perform” rating on shares of AGT Food and Ingredients in a research note on Tuesday, May 9th. Finally, CIBC cut their price target on shares of AGT Food and Ingredients from C$39.00 to C$33.00 in a research note on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$31.80.
AGT Food and Ingredients (TSE AGT) opened at 23.71 on Friday. The company’s market capitalization is $574.64 million. AGT Food and Ingredients has a 12-month low of $21.98 and a 12-month high of $39.57. The stock’s 50 day moving average price is $24.51 and its 200 day moving average price is $28.80.
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About AGT Food and Ingredients
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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