TD Securities Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its target price boosted by investment analysts at TD Securities from C$12.00 to C$13.00 in a research report issued on Monday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 21.27% from the company’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group raised their price objective on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Desjardins increased 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. BMO Capital Markets raised their target price on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Finally, CIBC boosted 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 report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, AGF Management has a consensus rating of “Moderate Buy” and a consensus price target of C$12.46.

AGF Management Stock Up 0.4 %

AGF.B traded up C$0.04 during trading on Monday, reaching C$10.72. The stock had a trading volume of 23,178 shares, compared to its average volume of 46,989. 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 stock’s 50 day moving average is C$10.81 and its two-hundred day moving average is C$9.54. The company has a market capitalization of C$684.58 million, a price-to-earnings ratio of 8.38, 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.

Insider Buying and Selling at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total value of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction that occurred 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 a total of 545,085 shares of company stock valued at $6,071,247 in the last three months. 18.70% of the stock is currently owned by corporate 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.