AGF Management (TSE:AGF.B) Price Target Raised to C$11.00

AGF Management (TSE:AGF.B) had its price objective raised by TD Securities from C$10.00 to C$11.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently weighed in on AGF.B. Desjardins boosted their target price on AGF Management from C$12.00 to C$12.50 and gave the company a buy rating in a report on Thursday, September 26th. BMO Capital Markets boosted their price objective 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. Finally, Scotiabank raised their target price on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. 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 an average rating of Moderate Buy and an average target price of C$11.82.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$10.49 on Wednesday. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management has a 12 month low of C$6.30 and a 12 month high of C$10.68. The firm has a market capitalization of C$669.89 million, a P/E ratio of 8.20, a P/E/G ratio of 1.18 and a beta of 1.73. The company’s fifty day moving average price is C$8.21 and its 200 day moving average price is C$8.26.

Insider Buying and Selling at AGF Management

In other news, Director Cybele Negris acquired 5,121 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of C$7.86 per share, with a total value of C$40,246.45. In other AGF Management news, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of C$7.99 per share, with a total value of C$99,833.75. Also, Director Cybele Negris purchased 5,121 shares of AGF Management stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of C$7.86 per share, with a total value of C$40,246.45. In the last ninety days, insiders have purchased 52,885 shares of company stock worth $421,964. 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.