Analysts Set AGF Management Limited (TSE:AGF.B) Price Target at C$11.82

AGF Management Limited (TSE:AGF.B) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$11.82.

AGF.B has been the topic of several recent analyst reports. TD Securities lifted their target price on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank lifted their target price on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. BMO Capital Markets lifted their target price on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research note on Monday, September 23rd. Desjardins lifted their target price on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, CIBC lifted their target price on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.

AGF Management Stock Down 0.3 %

AGF.B stock opened at C$11.09 on Thursday. AGF Management has a twelve month low of C$7.18 and a twelve month high of C$11.53. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock has a market cap of C$708.21 million, a P/E ratio of 8.65, a PEG ratio of 1.18 and a beta of 1.73. The business’s 50-day moving average price is C$10.30 and its 200-day moving average price is C$8.94.

Insider Activity

In related news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$11.21, for a total transaction of C$512,678.14. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of C$7.97 per share, with a total value of C$128,317.00. In the last 90 days, insiders have sold 135,174 shares of company stock valued at $1,468,896. 18.70% of the stock is currently owned by insiders.

About AGF Management

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.