Equities researchers at Canaccord Genuity decreased their price objective on shares of Agrium (TSE:AGU) from C$115.00 to C$114.00 in a research report issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 25.61% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Agrium in a research note to investors on Friday, July 19th. They now have a C$110.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Agrium from C$104.00 to C$101.00 in a research note to investors on Friday, July 12th. They now have a “market perform” rating on the stock.
Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$115.31.
Shares of Agrium (TSE: AGU) traded up 3.50% during mid-day trading on Friday, hitting $93.94. Agrium has a one year low of $87.78 and a one year high of $116.38. The stock’s 50-day moving average is currently $92.15. The company has a market cap of $13.997 billion and a P/E ratio of 9.49.
Agrium Inc (TSE: AGU), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets.