Royal Bank Of Canada Boosts Agrium Inc. (AGU) Price Target to C$139.00

Agrium Inc. (TSE:AGU) had its target price hoisted by Royal Bank Of Canada from C$125.00 to C$139.00 in a report issued on Tuesday morning, reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on AGU. TD Securities lowered their price target on Agrium from C$96.00 to C$94.00 and set a hold rating on the stock in a research report on Tuesday, July 19th. AltaCorp Capital cut Agrium from an outperform rating to a sector perform rating in a report on Thursday, July 21st.

Shares of Agrium (TSE:AGU) opened at 117.64 on Tuesday. Agrium has a 12-month low of $104.70 and a 12-month high of $133.25. The firm has a market capitalization of $16.25 billion and a PE ratio of 18.91. The company’s 50-day moving average price is $120.21 and its 200-day moving average price is $117.39.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 2.98%.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

Stock Target Prices

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