AGF Management Limited (TSE:AGF.B) Receives C$11.82 Consensus PT from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$11.82.

Several research analysts have recently weighed in on the company. Scotiabank boosted their price target on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins boosted their target price on AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, September 26th. BMO Capital Markets upped their target price on shares of 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. CIBC lifted their price target on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, TD Securities boosted their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd.

Insider Buying and Selling

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of AGF Management stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$11.21, for a total value of C$512,678.14. Over the last 90 days, insiders sold 135,174 shares of company stock worth $1,468,896. 18.70% of the stock is owned by corporate insiders.

AGF Management Trading Up 1.2 %

AGF Management stock opened at C$10.69 on Monday. AGF Management has a 12 month low of C$7.27 and a 12 month high of C$11.53. The company has a market capitalization of C$682.66 million, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The business’s fifty day simple moving average is C$10.85 and its two-hundred day simple moving average is C$9.22. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

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.