AGF Management Limited (TSE:AGF.B) Receives C$11.82 Average PT from Brokerages

Shares of AGF Management Limited (TSE:AGF.B) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$11.82.

AGF.B has been the topic of several analyst reports. BMO Capital Markets raised their target price on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research report on Monday, September 23rd. TD Securities raised their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. CIBC upped their price objective on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank increased their target price on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, Desjardins boosted their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, September 26th.

Insider Buying and Selling

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of C$7.97 per share, for a total transaction of C$128,317.00. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total value of C$276,500.00. Insiders have sold a total of 89,440 shares of company stock valued at $956,218 over the last three months. Company insiders own 18.70% of the company’s stock.

AGF Management Stock Performance

AGF.B opened at C$10.74 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The business’s 50 day moving average is C$10.17 and its 200-day moving average is C$8.89. The stock has a market cap of C$685.86 million, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$7.18 and a twelve month high of C$11.53.

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.