02:57:48 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Ag Growth International Inc
Symbol AFN
Shares Issued 18,900,958
Close 2023-08-15 C$ 60.08
Market Cap C$ 1,135,569,557
Recent Sedar Documents

Globe says Ag Growth International called "undervalued"

2023-08-16 07:57 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 16, edition that RBC Capital Markets analyst Andrew Wong has reaffirmed his "outperform" recommendation for Ag Growth International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wong raised his Ag Growth International share target to $75 from $70. Analysts on average target the shares at $77.05. Mr. Wong says in a note: "We are upbeat on Ag Growth heading into H2/23 as the company continues to execute on operational improvement initiatives, lifting the expected margin profile and driving organic growth while also benefiting from favourable ag tailwinds. We continue to view shares as undervalued and see potential for a rerate, driven by revenue growth, margin expansion, improved cash flow, and deleveraging." The Globe reported on April 22 that Scotia Capital analyst Michael Doumet had reaffirmed his "sector outperform" recommendation for Ag Growth International. Its shares could then be had for $58.74. The Globe reported on July 19 that Raymond James analyst Steve Hansen had lowered his recommendation for Ag Growth International to "market perform" from "outperform." The shares could then be had for $52.93.

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