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

AGF Management Limited (TSE:AGF.B) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$12.46.

A number of research analysts have recently commented on AGF.B shares. Jefferies Financial Group upped their price target on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. 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, January 8th. TD Securities raised their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Desjardins upped their price objective on shares of AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 16th.

AGF Management Stock Up 1.1 %

AGF.B stock opened at C$10.90 on Tuesday. The stock has a market capitalization of C$696.07 million, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a 50-day moving average of C$10.81 and a two-hundred day moving average of C$9.85. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Buying and Selling

In related news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total transaction of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. Insiders sold 513,485 shares of company stock valued at $5,734,707 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

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.