National Bankshares Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price target decreased by research analysts at National Bankshares from C$51.00 to C$49.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 55.90% from the stock’s previous close.

Several other equities analysts have also issued reports on AFN. Desjardins lowered their target price on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday, March 7th. Royal Bank of Canada lowered their price objective on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and reduced their price target for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. CIBC lowered their price target on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, ATB Capital reduced their price objective on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Ag Growth International has a consensus rating of “Moderate Buy” and an average price target of C$50.00.

Ag Growth International Stock Down 8.0 %

Shares of Ag Growth International stock opened at C$31.43 on Wednesday. Ag Growth International has a 1 year low of C$30.81 and a 1 year high of C$62.37. 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 50-day moving average of C$35.69 and a 200 day moving average of C$44.88. The firm has a market cap of C$600.71 million, a price-to-earnings ratio of 25.09, a PEG ratio of 1.30 and a beta of 2.29.

Insiders Place Their Bets

In other news, Director Janet Giesselman acquired 6,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. Also, Director Anne De Greef-Safft purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of C$36.99 per share, with a total value of C$73,985.00. Over the last ninety days, insiders have acquired 12,000 shares of company stock worth $436,101. Company insiders own 1.06% of the company’s stock.

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.