AGF Management Limited (TSE:AGF.B) Receives C$12.46 Consensus Target Price from Analysts

AGF Management Limited (TSE:AGF.B) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$12.54.

A number of analysts have recently weighed in on AGF.B shares. Desjardins upped their price target on shares of AGF Management from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Thursday, March 27th. Jefferies Financial Group upped their target price on 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. BMO Capital Markets lifted their price target on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Finally, TD Securities upped their price objective on 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.

Insiders Place Their Bets

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of C$11.06 per share, with a total value of C$232,260.00. Insiders bought a total of 89,700 shares of company stock valued at $1,033,992 in the last 90 days. Corporate insiders own 18.70% of the company’s stock.

AGF Management Trading Up 1.4 %

AGF.B opened at C$10.27 on Wednesday. The stock has a market capitalization of C$655.84 million, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a twelve month low of C$7.37 and a twelve month high of C$11.95. The company has a 50-day simple moving average of C$10.76 and a 200 day simple moving average of C$10.53.

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.