Raymond James Financial Lowers AGT Food and Ingredients (AGT) Price Target to C$18.00

AGT Food and Ingredients (TSE:AGT) had its target price cut by equities researchers at Raymond James Financial from C$21.00 to C$18.00 in a research note issued on Thursday. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 13.07% from the stock’s previous close.

AGT has been the subject of a number of other reports. CIBC lowered their price target on AGT Food and Ingredients from C$20.00 to C$19.00 in a report on Thursday. BMO Capital Markets lowered their price target on AGT Food and Ingredients from C$27.50 to C$22.00 in a report on Thursday, March 8th. Finally, Scotiabank lowered their price target on AGT Food and Ingredients from C$21.50 to C$19.50 and set a “sector perform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$20.70.

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AGT Food and Ingredients stock opened at C$15.92 on Thursday. AGT Food and Ingredients has a 52-week low of C$14.75 and a 52-week high of C$32.48. The stock has a market capitalization of $400.87, a P/E ratio of -11.54 and a beta of 0.35.

In other news, insider Financial Holdings Lim Fairfax purchased 183,700 shares of the stock in a transaction dated Monday, March 12th. The stock was acquired at an average cost of C$16.25 per share, for a total transaction of C$2,985,125.00. Insiders bought a total of 186,231 shares of company stock valued at $3,025,948 over the last quarter.

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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.

Analyst Recommendations for AGT Food and Ingredients (TSE:AGT)

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