Ag Growth International (TSE:AFN) Given New C$51.00 Price Target at National Bankshares

Ag Growth International (TSE:AFN) had its target price lowered by investment analysts at National Bankshares from C$55.00 to C$51.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 41.51% from the stock’s current price.

A number of other equities analysts also recently weighed in on AFN. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. TD Securities cut their target price on shares of Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James lowered their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Finally, CIBC reduced their price objective on Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$50.50.

Ag Growth International Price Performance

Shares of TSE AFN traded up C$0.84 during mid-day trading on Friday, reaching C$36.04. The company had a trading volume of 87,134 shares, compared to its average volume of 114,837. The company has a 50-day moving average price of C$41.04 and a two-hundred day moving average price of C$48.67. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$688.82 million, a PE ratio of 28.77, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.43.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.