CIBC Boosts Ag Growth International (TSE:AFN) Price Target to C$72.00

Ag Growth International (TSE:AFN) had its target price raised by research analysts at CIBC from C$70.00 to C$72.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 35.21% from the stock’s current price.

Several other brokerages have also recently commented on AFN. Royal Bank of Canada decreased their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Raymond James cut shares of Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$72.00 to C$62.00 in a research report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ag Growth International has a consensus rating of “Moderate Buy” and an average price target of C$74.63.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$53.25 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The stock has a market capitalization of C$1.02 billion, a PE ratio of 35.03, a P/E/G ratio of 1.30 and a beta of 2.29. The firm has a 50 day moving average of C$51.82 and a two-hundred day moving average of C$52.90.

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.