AGT Food and Ingredients Inc (TSE:AGT) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$21.90.
Several equities analysts have weighed in on AGT shares. BMO Capital Markets cut their price target on AGT Food and Ingredients from C$27.50 to C$22.00 in a report on Thursday, March 8th. CIBC cut their price target on AGT Food and Ingredients from C$24.00 to C$20.00 in a report on Monday, March 5th. Finally, Raymond James Financial cut their price target on AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating for the company in a report on Tuesday, January 9th.
AGT stock traded down C$0.36 during trading hours on Monday, hitting C$16.20. The company had a trading volume of 51,200 shares, compared to its average volume of 95,145. AGT Food and Ingredients has a 12-month low of C$14.75 and a 12-month high of C$33.54. The stock has a market capitalization of $400.87, a PE ratio of -11.74 and a beta of 0.35.
In other news, insider Financial Holdings Lim Fairfax purchased 183,700 shares of the business’s stock in a transaction on Monday, March 12th. The stock was acquired at an average price of C$16.25 per share, for a total transaction of C$2,985,125.00. Insiders have acquired a total of 185,231 shares of company stock valued at $3,009,948 in the last 90 days.
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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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