Village Farms International (TSE:VFF)‘s stock had its “buy” rating reaffirmed by stock analysts at Alliance Global Partners in a research note issued to investors on Thursday, September 19th, BayStreet.CA reports. They currently have a C$26.00 price objective on the stock. Alliance Global Partners’ price objective points to a potential upside of 169.43% from the stock’s previous close.
Separately, Beacon Securities reaffirmed a “buy” rating on shares of Village Farms International in a research note on Monday, September 9th.
Shares of TSE:VFF remained flat at $C$9.65 during trading on Thursday. The stock had a trading volume of 897,400 shares, compared to its average volume of 1,243,967. Village Farms International has a one year low of C$3.98 and a one year high of C$24.25. The stock has a market capitalization of $475.51 million and a P/E ratio of 30.73. The company has a fifty day moving average price of C$13.73 and a two-hundred day moving average price of C$15.86. The company has a quick ratio of 1.45, a current ratio of 2.42 and a debt-to-equity ratio of 32.31.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can bought a new position in Village Farms International in the 1st quarter valued at $245,000. QCM Cayman Ltd. bought a new position in Village Farms International in the 1st quarter valued at $267,000. CIBC Private Wealth Group LLC bought a new position in Village Farms International in the 1st quarter valued at $350,000. Jaffetilchin Investment Partners LLC bought a new position in Village Farms International in the 1st quarter valued at $423,000. Finally, FIL Ltd bought a new position in Village Farms International in the 1st quarter valued at $665,000.
About Village Farms International
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.
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