Royal Bank of Canada Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective dropped by equities research analysts at Royal Bank of Canada from C$45.00 to C$40.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 10.50% from the stock’s previous close.

AFN has been the subject of a number of other research reports. Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. National Bankshares decreased their price target on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Raymond James decreased their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday, January 14th. Finally, CIBC decreased their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$50.50.

Ag Growth International Stock Up 2.8 %

Shares of TSE AFN opened at C$36.20 on Friday. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The company has a market capitalization of C$691.88 million, a P/E ratio of 28.90, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a 50 day simple moving average of C$40.41 and a 200-day simple moving average of C$48.40. Ag Growth International has a 1 year low of C$31.60 and a 1 year high of C$64.43.

Insider Buying and Selling at Ag Growth International

In other news, Senior Officer Paul David Householder bought 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$36.01 per share, with a total value of C$144,040.00. Also, Director Janet Giesselman acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. 1.06% of the stock is currently owned by company insiders.

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.