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

AGF Management Limited (TSE:AGF.B) shares reached a new 52-week high on Tuesday . The stock traded as high as C$11.95 and last traded at C$11.18, with a volume of 152062 shares trading hands. The stock had previously closed at C$11.91.

Analyst Upgrades and Downgrades

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

AGF Management Stock Performance

The stock has a market cap of C$702.46 million, a price-to-earnings ratio of 8.59, a PEG ratio of 1.18 and a beta of 1.73. The stock’s fifty day moving average is C$10.92 and its 200-day moving average is C$10.22. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Insider Activity at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of C$11.57 per share, for a total transaction of C$244,127.00. Over the last 90 days, insiders bought 89,700 shares of company stock worth $1,033,992. 18.70% of the stock is currently owned by company 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.