AGT Food and Ingredients (TSE:AGT) had its price target decreased by Raymond James Financial from C$22.00 to C$21.00 in a report released on Tuesday. Raymond James Financial currently has a market perform rating on the stock.
Several other brokerages also recently issued reports on AGT. CIBC lowered their price objective on shares of AGT Food and Ingredients from C$32.00 to C$28.00 in a research report on Friday, October 13th. Scotiabank lowered their price objective on shares of AGT Food and Ingredients from C$23.00 to C$21.50 and set a sector perform rating on the stock in a research report on Tuesday, November 7th. AltaCorp Capital downgraded shares of AGT Food and Ingredients from a sector perform rating to an underperform rating in a research report on Monday, November 6th. BMO Capital Markets lowered their price objective on shares of AGT Food and Ingredients from C$35.00 to C$27.50 in a research report on Tuesday, November 7th. Finally, National Bank Financial lowered their price objective on shares of AGT Food and Ingredients from C$33.00 to C$25.00 and set an outperform rating on the stock in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. AGT Food and Ingredients presently has a consensus rating of Hold and a consensus target price of C$23.80.
AGT Food and Ingredients (AGT) opened at C$21.62 on Tuesday. AGT Food and Ingredients has a 52-week low of C$17.85 and a 52-week high of C$37.46. The stock has a market cap of $647.54, a price-to-earnings ratio of -15.67 and a beta of 0.22.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, December 28th. AGT Food and Ingredients’s payout ratio is -43.48%.
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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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