AGF EMPLOYEE BENEFIT PLAN TRUST Buys 22,500 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 22,500 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$11.89 per share, with a total value of C$267,525.00.

AGF EMPLOYEE BENEFIT PLAN TRUST also recently made the following trade(s):

• On Tuesday, February 25th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 23,200 shares of AGF Management stock. The stock was acquired at an average cost of C$11.56 per share, for a total transaction of C$268,192.00.
• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of AGF Management stock. The shares were acquired at an average cost of C$11.57 per share, with a total value of C$244,127.00.
• On Tuesday, February 18th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of AGF Management stock. The stock was acquired at an average cost of C$11.06 per share, for a total transaction of C$232,260.00.
• On Wednesday, December 4th, AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management stock. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Trading Up 1.8 %

TSE AGF.B opened at C$11.91 on Friday. AGF Management Limited has a one year low of C$7.37 and a one year high of C$11.95. 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 firm has a market cap of C$760.57 million, a P/E ratio of 9.30, a P/E/G ratio of 1.18 and a beta of 1.73. The stock’s 50-day moving average is C$10.91 and its 200-day moving average is C$10.15.

Analysts Set New Price Targets

Several research firms have recently issued reports on AGF.B. BMO Capital Markets raised their price target on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. TD Securities raised their target price on AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Desjardins upped their price target on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group lifted their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.46.

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.