AGF Management (TSE:AGF.B) Price Target Raised to C$13.50

AGF Management (TSE:AGF.B) had its target price boosted by Desjardins from C$13.00 to C$13.50 in a report released on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

AGF.B has been the subject of several other reports. Jefferies Financial Group boosted their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. TD Securities raised their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their price target on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.54.

AGF Management Trading Down 2.2 %

Shares of AGF.B stock opened at C$9.97 on Thursday. The stock has a market cap of C$636.68 million, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$11.95. 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 stock has a 50 day simple moving average of C$10.79 and a 200 day simple moving average of C$10.48.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of C$11.57 per share, with a total value of C$244,127.00. In the last ninety days, insiders acquired 89,700 shares of company stock valued at $1,033,992. Corporate insiders own 18.70% 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.