In a latest note to investors, a research analyst has provided a rating update for the Conglomerates sector company, Ag Growth International (AFN). The company received a Buy today from RBC Capital’s analyst Andrew Wong, with a C$65 price target.
Wong has an average return of 5.5% when recommending Ag Growth International.
According to TipRanks.com, Wong is ranked #1868 out of 4912 analysts.
Ag Growth International has an analyst consensus of Strong Buy, with a price target consensus of C$71, implying a 22.8% upside from current levels. In a report issued on October 26, TD Securities also maintained a Buy rating on the stock with a C$78 price target.
Based on Ag Growth International’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$20.74 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$57.80.