Brokerages Set AGF Management Limited (TSE:AGF.B) PT at C$12.46

Shares of AGF Management Limited (TSE:AGF.B) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$12.54.

AGF.B has been the topic of several recent research reports. TD Securities raised their price target on AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their target price on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Desjardins boosted their target price on AGF Management from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price target 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.

AGF Management Price Performance

Shares of AGF.B stock opened at C$9.97 on Wednesday. The firm’s 50 day moving average price is C$10.79 and its two-hundred day moving average price is C$10.50. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. AGF Management has a 52-week low of C$7.37 and a 52-week high of C$11.95. The stock has a market cap of C$636.68 million, a PE ratio of 7.79, a PEG ratio of 1.18 and a beta of 1.73.

Insiders Place Their Bets

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of C$11.57 per share, with a total value of C$244,127.00. Insiders acquired 89,700 shares of company stock worth $1,033,992 over the last ninety days. 18.70% of the stock is currently owned by corporate insiders.

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.