CIBC Lowers AGT Food and Ingredients (AGT) Price Target to C$19.00

AGT Food and Ingredients (TSE:AGT) had its target price decreased by CIBC from C$20.00 to C$19.00 in a research note issued to investors on Thursday morning.

Several other research analysts have also issued reports on the stock. BMO Capital Markets decreased their price target on shares of AGT Food and Ingredients from C$27.50 to C$22.00 in a research note on Thursday, March 8th. Raymond James Financial decreased their price target on shares of AGT Food and Ingredients from C$22.00 to C$21.00 and set a market perform rating for the company in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. AGT Food and Ingredients currently has an average rating of Hold and a consensus price target of C$20.70.

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Shares of AGT Food and Ingredients stock opened at C$15.92 on Thursday. AGT Food and Ingredients has a 12-month low of C$14.75 and a 12-month high of C$32.48. The company has a market cap of $400.87, a PE ratio of -11.54 and a beta of 0.35.

In other AGT Food and Ingredients news, insider Financial Holdings Lim Fairfax purchased 183,700 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average cost of C$16.25 per share, for a total transaction of C$2,985,125.00. Over the last quarter, insiders purchased 186,231 shares of company stock valued at $3,025,948.

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About AGT Food and Ingredients

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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