Janet Giesselman Buys 6,000 Shares of Ag Growth International Inc. (TSE:AFN) Stock

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

Ag Growth International Trading Up 2.8 %

Shares of AFN stock opened at C$36.20 on Monday. The company has a market cap of C$691.88 million, a P/E ratio of 28.90, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International Inc. has a fifty-two week low of C$31.60 and a fifty-two week high of C$64.43. The stock has a 50 day simple moving average of C$40.41 and a two-hundred day simple moving average of C$48.35. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. Ag Growth International’s dividend payout ratio is 47.90%.

Analysts Set New Price Targets

AFN has been the subject of a number of analyst reports. ATB Capital lowered their price objective on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Friday. CIBC lowered their price objective on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research report on Friday. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from C$52.00 to C$47.00 in a research report on Friday. National Bankshares lowered their target price on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Finally, Royal Bank of Canada lowered their target price on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.