AGT Food and Ingredients (AGT) Shares Up -2.7%

AGT Food and Ingredients Inc (TSE:AGT)’s share price shot up 2.7% on Thursday . The stock traded as high as C$20.87 and last traded at C$20.41. 81,674 shares were traded during mid-day trading, an increase of 5% from the average session volume of 78,064 shares. The stock had previously closed at C$20.97.

Several brokerages recently weighed in on AGT. CIBC dropped their price target on shares of AGT Food and Ingredients from C$32.00 to C$28.00 in a research report on Friday, October 13th. Raymond James Financial dropped their price target on shares of AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research report on Tuesday. Scotiabank dropped their price target on shares of AGT Food and Ingredients from C$23.00 to C$21.50 and set a “sector perform” rating on the stock in a research report on Tuesday, November 7th. National Bank Financial dropped their price target on shares of AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. Finally, BMO Capital Markets dropped their price target on shares of AGT Food and Ingredients from C$35.00 to C$27.50 in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. AGT Food and Ingredients presently has a consensus rating of “Hold” and an average price target of C$23.80.

The company has a market cap of $649.93, a PE ratio of -14.79 and a beta of 0.22.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.94%. AGT Food and Ingredients’s dividend payout ratio is currently -43.48%.

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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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