TD Securities Raises Ag Growth International (AFN) Price Target to C$80.00

Ag Growth International (TSE:AFN) had its target price increased by TD Securities from C$73.00 to C$80.00 in a report released on Friday morning. TD Securities currently has an action list buy rating on the stock.

Several other analysts have also recently commented on AFN. Royal Bank of Canada raised their price objective on shares of Ag Growth International from C$65.00 to C$70.00 and gave the company an outperform rating in a research note on Friday. National Bank Financial raised their price objective on shares of Ag Growth International from C$67.00 to C$71.00 and gave the company an outperform rating in a research note on Thursday. Finally, Scotiabank raised their price objective on shares of Ag Growth International from C$62.00 to C$65.00 and gave the company an outperform rating in a research note on Thursday, May 10th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of C$68.38.

Shares of Ag Growth International opened at C$59.44 on Friday, according to MarketBeat. Ag Growth International has a 52 week low of C$47.08 and a 52 week high of C$60.63.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.40 annualized dividend and a yield of 4.04%.

In other Ag Growth International news, Director Gary Keith Anderson sold 4,500 shares of the firm’s stock in a transaction dated Monday, May 28th. The shares were sold at an average price of C$58.28, for a total transaction of C$262,260.00. Insiders have sold a total of 16,500 shares of company stock valued at $957,260 over the last 90 days.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

Recommended Story: Short Selling – Explanation For Shorting Stocks

Analyst Recommendations for Ag Growth International (TSE:AFN)

Receive News & Ratings for Ag Growth International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply