Ag Growth International (AFN) Gets a Buy Rating from Raymond James


In a new note to investors yesterday, an analyst has provided a rating update for Ag Growth International (AFN). Analyst Steve Hansen from Raymond James remains bullish on the stock and has a C$70 price target.

According to TipRanks.com, Hansen is ranked #3635 out of 5108 analysts.

Ag Growth International has an analyst consensus of Strong Buy, with a price target consensus of C$71.20, representing a 46.7% upside. In a report issued on November 28, TD Securities also reiterated a Buy rating on the stock with a C$79 price target.

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Ag Growth International’s market cap is currently C$801M and has a P/E ratio of 21.7. The company has a Price to Book ratio of 2.62.

Ag Growth International, Inc. engages in the manufacture of agricultural equipment. The firm operates through the Farm and Commercial segments. Its product portfolio includes portable handling, permanent handling, storage and conditioning, livestock and manufacturing.

The company’s shares closed on Tuesday at C$48.55, close to its 52-week low of C$47.84.

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