AGF Management Limited (TSE:AGF.B) Receives C$12.11 Consensus Target Price from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$12.11.

A number of analysts recently commented on the stock. Scotiabank upped their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Jefferies Financial Group increased their target price on 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. CIBC lifted their price target on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. TD Securities increased their price objective on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets raised their target price on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th.

Insider Transactions at AGF Management

In other AGF Management news, 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. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. In the last ninety days, insiders sold 545,085 shares of company stock worth $6,071,247. 18.70% of the stock is currently owned by insiders.

AGF Management Stock Up 0.5 %

Shares of TSE AGF.B opened at C$10.03 on Friday. 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 capitalization of C$640.52 million, a PE ratio of 7.84, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a one year low of C$7.27 and a one year high of C$11.53. The business’s fifty day moving average price is C$10.86 and its 200-day moving average price is C$9.48.

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.