Ag Growth International (TSE:AFN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Ag Growth International Inc. (TSE:AFN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.05 and traded as high as C$41.83. Ag Growth International shares last traded at C$41.46, with a volume of 28,464 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on AFN shares. ATB Capital lifted their price objective on shares of Ag Growth International from C$43.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Thursday, June 19th. Atb Cap Markets upgraded Ag Growth International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$40.00 to C$50.00 in a research report on Thursday, May 8th. National Bankshares increased their price target on Ag Growth International from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, CIBC dropped their price target on Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$50.71.

Ag Growth International Price Performance

The company has a market capitalization of C$792.41 million, a price-to-earnings ratio of 33.10, 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 current ratio of 1.41 and a quick ratio of 0.84. The business has a fifty day moving average price of C$42.10 and a 200 day moving average price of C$38.05.

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.