CIBC Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective reduced by equities research analysts at CIBC from C$72.00 to C$61.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 53.34% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Raymond James decreased their price objective on Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$67.25.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$39.78 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The stock has a market cap of C$758.60 million, a P/E ratio of 26.17, a P/E/G ratio of 1.30 and a beta of 2.29. The stock has a 50 day moving average of C$51.55 and a two-hundred day moving average of C$52.70. Ag Growth International has a twelve month low of C$39.69 and a twelve month high of C$64.51.

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.