In a latest note to investors, a research analyst has provided a rating update for the Conglomerates sector company, Ag Growth International (TSX: AFN). Analyst Greg Colman from National Bank rated Ag Growth International (TSX: AFN) a Buy on October 26, setting a C$71 price target.
Currently, the analyst consensus on Ag Growth International is a Strong Buy with an average price target of C$70.40, representing a 23.2% upside. In a report issued on October 26, TD Securities also maintained a Buy rating on the stock with a C$78 price target.
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Based on Ag Growth International’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$12.79 million. In comparison, last year the company had a net profit of C$15.59 million.
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 Friday at C$57.13.
