AGT Food and Ingredients Inc (TSE:AGT)‘s stock had its “outperform” rating restated by stock analysts at Raymond James Financial, Inc. in a research note issued on Friday. They currently have a C$42.00 price objective on the stock. Raymond James Financial, Inc.’s price target suggests a potential upside of 34.70% from the company’s current price.
A number of other equities analysts have also recently issued reports on AGT. Scotiabank restated a “sector perform” rating and issued a C$38.00 price objective on shares of AGT Food and Ingredients in a research report on Thursday, December 22nd. AltaCorp Capital reiterated an “outperform” rating on shares of AGT Food and Ingredients in a research report on Wednesday, March 8th. Finally, CIBC boosted their price target on shares of AGT Food and Ingredients from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, January 12th.
Shares of AGT Food and Ingredients (TSE:AGT) traded up 4.42% during trading on Friday, reaching $31.18. 359,877 shares of the company traded hands. AGT Food and Ingredients has a 12-month low of $29.39 and a 12-month high of $42.16. The stock has a market capitalization of $755.68 million and a P/E ratio of 35.84. The firm’s 50 day moving average is $32.71 and its 200-day moving average is $35.66.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Wednesday, April 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Monday, April 3rd.
In other AGT Food and Ingredients news, Director Gregory Shawn Stewart acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were acquired at an average price of C$31.64 per share, with a total value of C$31,640.00. Also, insider Gaetan Michael Bourassa sold 25,000 shares of the business’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of C$30.08, for a total transaction of C$752,000.00.
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.