Royal Bank of Canada Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its target price decreased by equities researchers at Royal Bank of Canada from C$45.00 to C$40.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 10.99% from the company’s current price.

A number of other equities analysts have also commented on AFN. CIBC reduced their price objective on Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. ATB Capital lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. TD Securities cut their price target on Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, National Bankshares dropped their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock 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 on Friday, hitting C$36.04. The stock had a trading volume of 87,134 shares, compared to its average volume of 114,837. The company has a market capitalization of C$688.82 million, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The firm’s 50 day moving average price is C$41.04 and its 200-day moving average price is C$48.67. Ag Growth International has a twelve month low of C$31.60 and a twelve month high of C$64.43.

Ag Growth International Company Profile

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.