Ag Growth International Inc. (TSE:AFN) Director Anne De Greef-Safft Buys 2,000 Shares

Ag Growth International Inc. (TSE:AFN) Director Anne De Greef-Safft bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of C$36.99 per share, with a total value of C$73,985.00.

Ag Growth International Trading Down 0.6 %

Ag Growth International stock traded down C$0.21 during trading on Wednesday, hitting C$36.58. The company’s stock had a trading volume of 144,363 shares, compared to its average volume of 117,776. The stock’s fifty day moving average is C$39.85 and its 200 day moving average is C$48.09. 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 Inc. has a 1-year low of C$31.60 and a 1-year high of C$64.31. The stock has a market capitalization of C$699.14 million, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The business 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 of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.64%. Ag Growth International’s payout ratio is currently 47.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AFN shares. CIBC cut 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, March 7th. National Bankshares cut their price target 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, March 7th. Royal Bank of Canada reduced their price objective on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. TD Securities dropped their price objective on Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Desjardins reduced their target price on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$50.25.

Ag Growth International Company Profile

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.