AGF Management (TSE:AGF.B) Price Target Raised to C$12.00 at Jefferies Financial Group

AGF Management (TSE:AGF.B) had its price objective increased by analysts at Jefferies Financial Group from C$11.00 to C$12.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 15.72% from the company’s current price.

AGF.B has been the topic of several other research reports. Desjardins raised their price objective on AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Scotiabank raised their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. TD Securities increased their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets raised their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research report on Monday, September 23rd. Finally, CIBC upped their target price on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.11.

AGF Management Stock Performance

Shares of TSE:AGF.B traded down C$0.02 during midday trading on Wednesday, hitting C$10.37. The company had a trading volume of 25,130 shares, compared to its average volume of 39,331. AGF Management has a 12-month low of C$7.27 and a 12-month high of C$11.53. The company has a fifty day moving average of C$10.87 and a two-hundred day moving average of C$9.44. The company has a market cap of C$662.23 million, a price-to-earnings ratio of 8.10, a PEG ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Buying and Selling at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the company’s stock in a transaction on 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 have sold 102,334 shares of company stock worth $1,125,718. Insiders own 18.70% of the company’s stock.

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.