The stock of Ag Growth International Inc (TSE:AFN) hit a new 52-week high and has $70.38 target or 38.00% above today’s $51.00 share price. The 9 months bullish chart indicates low risk for the $812.42M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $70.38 price target is reached, the company will be worth $308.72 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 9,279 shares traded hands. Ag Growth International Inc (TSE:AFN) has risen 44.85% since April 7, 2016 and is uptrending. It has outperformed by 38.71% the S&P500.
Ag Growth International Inc (TSE:AFN) Ratings Coverage
Out of 5 analysts covering AG Growth International (TSE:AFN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $53 is the highest target while $40 is the lowest. The $43.33 average target is -15.04% below today’s ($51) stock price. AG Growth International has been the topic of 12 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Ag Growth International Inc (TSE:AFN) has “Outperform” rating given on Monday, August 24 by Altacorp. The firm has “Sector Perform” rating given on Thursday, June 9 by Scotia Capital. The stock of Ag Growth International Inc (TSE:AFN) earned “Sector Perform” rating by National Bank Canada on Wednesday, September 30. The firm earned “Buy” rating on Monday, August 17 by Laurentian.
Another recent and important Ag Growth International Inc (TSE:AFN) news was published by Seekingalpha.com which published an article titled: “Ag Growth International’s (AGGZF) CEO Tim Closeon Q2 2016 Results – Earnings …” on August 11, 2016.
Ag Growth International Inc. is a Canada maker of agricultural equipment. The company has a market cap of $812.42 million. The Firm focuses on grain handling, storage and conditioning products. It currently has negative earnings. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities.
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