Agrium Inc. (AGU) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Agrium Inc. (TSE:AGU) (NYSE:AGU) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$110.60.
Several equities analysts recently weighed in on the stock. TD Securities upgraded shares of Agrium from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada upped their price objective on Agrium to C$140.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th.
In related news, insider Steven James Douglas sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of C$122.60, for a total transaction of C$1,226,000.00. Also, insider Michael Reed Webb acquired 1,200 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of C$136.01 per share, with a total value of C$163,212.00.
Agrium (TSE:AGU) opened at C$135.50 on Friday. Agrium has a fifty-two week low of C$115.16 and a fifty-two week high of C$146.99.
Agrium Company Profile
Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.
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