Analysts Set AGF Management Limited (TSE:AGF.B) PT at C$12.11

Shares of AGF Management Limited (TSE:AGF.B) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$12.18.

A number of research analysts recently weighed in on AGF.B shares. BMO Capital Markets upped their price target on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Jefferies Financial Group upped their target price on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. TD Securities increased their price objective on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Desjardins increased their price objective on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC raised their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd.

Insider Buying and Selling

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total value of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Insiders sold a total of 545,085 shares of company stock worth $6,071,247 in the last three months. Insiders own 18.70% of the company’s stock.

AGF Management Trading Up 1.7 %

TSE AGF.B opened at C$10.38 on Friday. The firm has a market capitalization of C$662.87 million, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The business’s 50-day moving average price is C$10.83 and its two-hundred day moving average price is C$9.52. AGF Management has a 12 month low of C$7.27 and a 12 month high of C$11.53.

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.