AGF Management (TSE:AGF.B) Given a C$10.75 Price Target at Scotiabank

AGF Management (TSE:AGF.B) received a C$10.75 target price from equities research analysts at Scotiabank in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 30.62% from the stock’s current price.

A number of other brokerages have also recently commented on AGF.B. Desjardins increased their target price on AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets increased their price target on AGF Management from C$8.50 to C$9.00 in a report on Friday, April 5th. CIBC increased their price target on AGF Management from C$11.00 to C$14.00 in a report on Friday, April 5th. Jefferies Financial Group increased their price target on AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Finally, Royal Bank of Canada increased their price objective on AGF Management from C$9.00 to C$10.00 in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, AGF Management currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.96.

AGF Management Price Performance

Shares of AGF Management stock traded up C$0.26 during mid-day trading on Thursday, reaching C$8.23. 45,199 shares of the stock traded hands, compared to its average volume of 65,642. The business has a 50-day moving average of C$8.29 and a 200 day moving average of C$8.04. AGF Management has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.05. The stock has a market capitalization of C$531.90 million, a PE ratio of 5.49, a PEG ratio of 1.18 and a beta of 1.78. The company has a quick ratio of 1.75, a current ratio of 1.73 and a debt-to-equity ratio of 11.08.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 124,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of C$8.46 per share, for a total transaction of C$1,053,270.00. Insiders bought a total of 148,560 shares of company stock worth $1,249,629 over the last ninety days. Company insiders own 18.65% of the company’s stock.

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.