BMO Capital Sticks to Their Buy Rating for AGT Food & Ingredients

By Jason Carr

On June 29, an analyst has provided a rating update for the Consumer Goods sector company, AGT Food & Ingredients (TSX: AGT). Analyst Joel Jackson from BMO Capital rated AGT Food & Ingredients (TSX: AGT) a Buy on on June 29, setting a C$35 price target.

According to TipRanks.com, Jackson is a 4-star analyst with an average return of 5.9% and a 60.9% success rate. Jackson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International Inc, Sociedad Quimica Y Minera SA, and Israel Chemicals.

Currently, the analyst consensus on AGT Food & Ingredients is Strong Buy and the average price target is C$34.25, representing a 47.1% upside.

In a report issued on June 19, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$35 price target.

AGT Food & Ingredients’ market cap is currently C$564.2M and has a P/E ratio of 0.

AGT Food and Ingredients, Inc. processes and sells lentils and other types of grain. It engages in the business of sourcing and processing of crops, including peas, chickpeas, beans and canary seed, primarily for export markets, along with wheat, bulgar, rice and pasta.

The company’s shares closed on Friday at $23.28, close to its 52-week high of $39.57.