AGT Food and Ingredients Inc (TSE:AGT) had its price target dropped by analysts at CIBC from C$33.00 to C$32.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 33.06% from the company’s current price.
AGT has been the subject of a number of other reports. Raymond James Financial, Inc. lowered shares of AGT Food and Ingredients from an “outperform” rating to a “market perform” rating in a report on Monday, May 8th. Scotiabank cut their target price on shares of AGT Food and Ingredients from C$34.00 to C$26.50 and set a “sector perform” rating for the company in a report on Tuesday, May 9th. National Bank Financial cut their target price on shares of AGT Food and Ingredients from C$42.00 to C$36.00 in a report on Friday, May 5th. BMO Capital Markets reissued an “outperform” rating and issued a C$40.00 target price on shares of AGT Food and Ingredients in a report on Friday, April 28th. Finally, AltaCorp Capital reissued a “sector perform” rating on shares of AGT Food and Ingredients in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$31.80.
Shares of AGT Food and Ingredients (TSE AGT) traded down 1.87% during midday trading on Friday, hitting $23.60. 171,534 shares of the stock were exchanged. AGT Food and Ingredients has a 52-week low of $21.98 and a 52-week high of $39.57. The firm’s market cap is $571.97 million. The firm’s 50-day moving average is $24.51 and its 200 day moving average is $28.90.
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AGT Food and Ingredients Company Profile
AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.
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