Ag Growth International (TSE:AFN) had its target price raised by equities researchers at Royal Bank of Canada from C$65.00 to C$70.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 17.77% from the company’s current price.

AFN has been the topic of several other research reports. Scotiabank lifted their target price on shares of Ag Growth International from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, May 10th. National Bank Financial lifted their target price on shares of Ag Growth International from C$67.00 to C$71.00 and gave the company an “outperform” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average 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.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, May 9th. The company reported C$0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.41 by C$0.29. Ag Growth International had a net margin of 7.54% and a return on equity of 20.81%. The business had revenue of C$214.10 million for the quarter, compared to analyst estimates of C$211.80 million.

In related news, Director Gary Keith Anderson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of C$57.50, for a total transaction of C$115,000.00. Insiders have sold 16,500 shares of company stock worth $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.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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