Ag Growth International Inc. (TSE:AFN) Director Purchases C$218,076.00 in Stock

Ag Growth International Inc. (TSE:AFN) Director Janet Giesselman bought 6,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of C$36.35 per share, with a total value of C$218,076.00.

Ag Growth International Stock Performance

AFN traded up C$0.91 on Friday, hitting C$36.11. The company’s stock had a trading volume of 96,434 shares, compared to its average volume of 115,015. Ag Growth International Inc. has a 12 month low of C$31.60 and a 12 month high of C$64.43. The firm has a market cap of C$690.16 million, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company’s 50 day simple moving average is C$41.04 and its 200-day simple moving average is C$48.67.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s dividend payout ratio (DPR) is presently 47.90%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital dropped their price target on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Friday. CIBC lowered their target price on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday. Desjardins decreased their price objective on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday. Finally, TD Securities dropped their target price on shares of Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$50.50.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.