Brokerages Set AGF Management Limited (TSE:AGF.B) PT at C$12.46

Shares of AGF Management Limited (TSE:AGF.B) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$12.54.

AGF.B has been the topic of several analyst reports. BMO Capital Markets increased their price target on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. TD Securities lifted their target price on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Jefferies Financial Group boosted 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 report on Wednesday, January 8th. Finally, Desjardins boosted their price objective on AGF Management from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday.

AGF Management Price Performance

AGF.B opened at C$9.97 on Wednesday. The stock has a market cap of C$636.68 million, a price-to-earnings ratio of 7.79, a PEG ratio of 1.18 and a beta of 1.73. The stock has a fifty day moving average price of C$10.79 and a 200 day moving average price of C$10.50. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$11.95. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of C$11.06 per share, for a total transaction of C$232,260.00. Insiders bought 89,700 shares of company stock valued at $1,033,992 in the last ninety days. Insiders own 18.70% of the company’s stock.

About AGF Management

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.