AGF EMPLOYEE BENEFIT PLAN TRUST Sells 442,751 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$10.16 on Friday. The company’s 50-day moving average is C$10.88 and its 200 day moving average is C$9.46. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a market capitalization of C$648.82 million, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management Limited has a fifty-two week low of C$7.27 and a fifty-two week high of C$11.53.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AGF.B. Scotiabank upped their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins upped their target price on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets upped their target price on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, TD Securities boosted their price target on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Company Profile

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.