AGF Management Limited (TSE:AGF.B) Director Purchases C$29,433.50 in Stock

AGF Management Limited (TSE:AGF.B) Director Cybele Negris purchased 3,700 shares of the business’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of C$7.96 per share, for a total transaction of C$29,433.50.

Cybele Negris also recently made the following trade(s):

• On Tuesday, August 6th, Cybele Negris bought 3,100 shares of AGF Management stock. The shares were acquired at an average cost of C$7.90 per share, for a total transaction of C$24,490.00.
• On Wednesday, July 31st, Cybele Negris acquired 6,000 shares of AGF Management stock. The shares were bought at an average cost of C$8.15 per share, for a total transaction of C$48,900.00.

AGF Management Stock Down 1.0 %

Shares of TSE AGF.B traded down C$0.08 during midday trading on Monday, hitting C$7.92. 32,671 shares of the company’s stock were exchanged, compared to its average volume of 63,586. The company has a debt-to-equity ratio of 14.60, a current ratio of 1.58 and a quick ratio of 1.75. AGF Management Limited has a twelve month low of C$6.30 and a twelve month high of C$9.05. The firm’s fifty day simple moving average is C$8.23 and its 200-day simple moving average is C$8.15. The company has a market cap of C$509.18 million, a PE ratio of 6.02, a P/E/G ratio of 1.18 and a beta of 1.71.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Desjardins boosted their target price on AGF Management from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Scotiabank set a C$10.75 price objective on AGF Management and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.