Scotiabank Analysts Give AGF Management (TSE:AGF.B) a C$10.75 Price Target

Scotiabank set a C$10.75 target price on AGF Management (TSE:AGF.B) in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Desjardins raised their price target on AGF Management from C$11.50 to C$12.00 and gave the company a buy rating in a report on Monday, June 24th. BMO Capital Markets raised their price target on AGF Management from C$8.50 to C$9.00 in a report on Friday, April 5th. CIBC raised their price target on AGF Management from C$11.00 to C$14.00 in a report on Friday, April 5th. Jefferies Financial Group raised 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 lifted their target price on AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on 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 Stock Performance

TSE:AGF.B opened at C$8.45 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.75 and a debt-to-equity ratio of 11.08. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05. The stock has a 50-day moving average price of C$8.31 and a 200 day moving average price of C$8.05. The stock has a market capitalization of C$546.12 million, a P/E ratio of 5.63, a P/E/G ratio of 1.18 and a beta of 1.78.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 124,500 shares of AGF Management stock in a transaction dated Thursday, June 6th. The stock was purchased at an average cost of C$8.46 per share, with a total value of C$1,053,270.00. In the last three months, insiders purchased 148,560 shares of company stock valued at $1,249,629. Corporate insiders own 18.65% of the company’s stock.

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.