Insider Buying: AGF Management Limited (TSE:AGF.B) Insider Acquires 1,300 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF Management Limited, La Societe de Gestion AGF Limitee purchased 1,300 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average cost of C$8.26 per share, for a total transaction of C$10,738.00.

AGF Management Limited, La Societe de Gestion AGF Limitee also recently made the following trade(s):

• On Monday, June 24th, AGF Management Limited, La Societe de Gestion AGF Limitee sold 1,400 shares of AGF Management stock. The shares were sold at an average price of C$8.59, for a total value of C$12,026.00.
• On Monday, June 17th, AGF Management Limited, La Societe de Gestion AGF Limitee bought 1,300 shares of AGF Management stock. The stock was acquired at an average price of C$8.23 per share, with a total value of C$10,699.00.
• On Wednesday, April 24th, AGF Management Limited, La Societe de Gestion AGF Limitee purchased 1,400 shares of AGF Management stock. The shares were acquired at an average price of C$8.05 per share, for a total transaction of C$11,270.00.

AGF Management Trading Up 0.5 %

Shares of AGF Management stock traded up C$0.04 during trading on Thursday, reaching C$8.29. 92,748 shares of the stock were exchanged, compared to its average volume of 65,183. AGF Management Limited has a 1 year low of C$6.30 and a 1 year high of C$9.05. The firm has a market cap of C$535.78 million, a price-to-earnings ratio of 5.50, a price-to-earnings-growth 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. The stock’s fifty day moving average is C$8.37 and its 200 day moving average is C$8.10.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. CIBC boosted their target price on shares of AGF Management from C$11.00 to C$14.00 in a report on Friday, April 5th. BMO Capital Markets increased their target price on AGF Management from C$8.50 to C$9.00 in a research note on Friday, April 5th. Scotiabank set a C$10.75 price target on shares of AGF Management and gave the stock a “sector perform” rating in a research note on Thursday, June 27th. Jefferies Financial Group lifted their price objective on AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Finally, Royal Bank of Canada raised their price target 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$10.96.

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.