AGT Food and Ingredients Inc (AGT) Price Target Lowered to C$34.00 at Scotiabank

AGT Food and Ingredients Inc (TSE:AGT) had its price target trimmed by Scotiabank from C$38.00 to C$34.00 in a report released on Friday morning. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued reports about the company. CIBC raised their target price on AGT Food and Ingredients from C$41.00 to C$42.00 and gave the company an outperform rating in a research note on Thursday, January 12th. Raymond James Financial, Inc. restated a strong-buy rating and issued a C$46.00 target price on shares of AGT Food and Ingredients in a research note on Monday, February 27th. Finally, AltaCorp Capital restated an outperform rating on shares of AGT Food and Ingredients in a research note on Wednesday, March 8th.

AGT Food and Ingredients (TSE:AGT) traded up 0.10% during mid-day trading on Friday, reaching $30.00. 55,380 shares of the company’s stock were exchanged. The stock has a market cap of $727.08 million and a P/E ratio of 34.48. AGT Food and Ingredients has a 52 week low of $29.39 and a 52 week high of $42.16. The stock has a 50-day moving average price of $33.35 and a 200-day moving average price of $35.86.

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About AGT Food and Ingredients

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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