AGF Management (TSE:AGF.B) Price Target Increased to C$7.00 by Analysts at TD Securities

AGF Management (TSE:AGF.B) had its price objective increased by TD Securities from C$5.50 to C$7.00 in a report released on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently issued reports on AGF.B. Royal Bank of Canada lifted their price objective on AGF Management from C$6.00 to C$7.00 and gave the company a sector perform rating in a research note on Friday. CIBC upgraded AGF Management from a neutral rating to an outperform rating and lifted their price objective for the company from C$6.00 to C$7.50 in a research note on Tuesday, August 20th. Finally, BMO Capital Markets reiterated a market perform rating and set a C$6.00 price objective on shares of AGF Management in a research note on Friday, June 28th.

Shares of TSE:AGF.B opened at C$6.26 on Friday. The stock has a fifty day simple moving average of C$5.47 and a two-hundred day simple moving average of C$5.36. The stock has a market capitalization of $493.06 million and a price-to-earnings ratio of 10.52. AGF Management has a 12-month low of C$4.27 and a 12-month high of C$6.32. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 18.29.

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 12,485 shares of AGF Management stock in a transaction on Thursday, July 4th. The stock was sold at an average price of C$5.20, for a total transaction of C$64,922.00. Following the completion of the transaction, the insider now owns 379,607 shares in the company, valued at C$1,973,956.40.

AGF Management Company Profile

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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