Raymond James Financial, Inc. Lowers Ag Growth International Inc (AFN) Price Target to C$60.00

Ag Growth International Inc (TSE:AFN) had its price target lowered by stock analysts at Raymond James Financial, Inc. from C$63.00 to C$60.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 18.98% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Scotiabank cut their target price on Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Monday, September 18th. TD Securities raised Ag Growth International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$63.00 to C$72.00 in a research report on Friday, August 11th. Royal Bank Of Canada cut their price objective on Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Laurentian cut their price objective on Ag Growth International from C$70.00 to C$63.00 in a research report on Monday. Finally, Laurentian Bank of Canada cut their price objective on Ag Growth International from C$70.00 to C$63.00 in a research report on Monday. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Ag Growth International presently has a consensus rating of “Buy” and a consensus target price of C$63.25.

Ag Growth International (TSE AFN) opened at C$50.43 on Wednesday. Ag Growth International has a 1 year low of C$47.08 and a 1 year high of C$60.26.

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In other news, insider Timothy Jackson Close bought 1,298 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of C$50.24 per share, for a total transaction of C$65,211.52.

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.

Analyst Recommendations for Ag Growth International (TSE:AFN)

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