Cybele Negris Purchases 3,160 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) Director Cybele Negris purchased 3,160 shares of the stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of C$7.90 per share, with a total value of C$24,964.00.

AGF Management Stock Up 1.5 %

AGF Management stock opened at C$8.00 on Thursday. The firm has a market cap of C$511.04 million, a price-to-earnings ratio of 6.15, a PEG ratio of 1.18 and a beta of 1.79. AGF Management Limited has a 52-week low of C$6.30 and a 52-week high of C$9.05. The company has a debt-to-equity ratio of 8.26, a quick ratio of 1.75 and a current ratio of 1.39. The firm has a 50 day moving average price of C$8.11 and a two-hundred day moving average price of C$7.65.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGF.B. TD Securities upped their target price on AGF Management from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group raised their price objective on shares of AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. BMO Capital Markets boosted their target price on shares of AGF Management from C$8.50 to C$9.00 in a report on Friday, April 5th. CIBC raised their price target on shares of AGF Management from C$11.00 to C$14.00 in a research note on Friday, April 5th. Finally, Royal Bank of Canada boosted their price objective on shares of AGF Management from C$9.00 to C$10.00 in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$10.75.

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.