AGF Management (TSE:AGF.B) Reaches New 12-Month High – Time to Buy?

AGF Management Limited (TSE:AGF.B)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$11.13 and last traded at C$11.13, with a volume of 78297 shares traded. The stock had previously closed at C$10.92.

Analysts Set New Price Targets

Several research analysts recently issued reports on AGF.B shares. BMO Capital Markets increased their price target on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a research note on Monday, September 23rd. TD Securities increased 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 research note on Wednesday, October 2nd. Scotiabank increased their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins raised their price objective on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, CIBC raised their price objective on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, AGF Management currently has a consensus rating of “Moderate Buy” and an average price target of C$11.82.

AGF Management Price Performance

The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock has a market cap of C$708.21 million, a PE ratio of 8.66, a PEG ratio of 1.18 and a beta of 1.73. The firm has a 50-day moving average of C$9.54 and a 200-day moving average of C$8.67.

Insider Activity

In other news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. In related news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of C$7.97 per share, with a total value of C$128,317.00. In the last ninety days, insiders bought 29,985 shares of company stock worth $238,003. 18.70% of the stock is currently owned by insiders.

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.