The stock of Ag Growth International Inc (TSE:AFN) hit a new 52-week high and has $57.49 target or 5.00% above today’s $54.75 share price. The 8 months bullish chart indicates low risk for the $815.51M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $57.49 price target is reached, the company will be worth $40.78 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 23,482 shares traded hands. Ag Growth International Inc (TSE:AFN) has risen 41.04% since April 27, 2016 and is uptrending. It has outperformed by 35.11% the S&P500.
Ag Growth International Inc (TSE:AFN) Ratings Coverage
Out of 6 analysts covering AG Growth International (TSE:AFN), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $59 is the highest target while $40 is the lowest. The $51.58 average target is -5.79% below today’s ($54.75) stock price. AG Growth International has been the topic of 16 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Ag Growth International Inc (TSE:AFN) has “Sector Perform” rating given on Wednesday, September 30 by National Bank Canada. The stock has “Buy” rating given by Laurentian on Monday, August 17. The company was maintained on Thursday, June 9 by Scotia Capital. The company was reinitiated on Monday, August 24 by Altacorp.
Ag Growth International Inc. is a Canada maker of agricultural equipment. The company has a market cap of $815.51 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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