CIBC Raises AGF Management (TSE:AGF.B) Price Target to C$17.00

AGF Management (TSE:AGF.B) had its price target increased by investment analysts at CIBC from C$14.00 to C$17.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 62.06% from the company’s current price.

Other research analysts have also issued research reports about the company. TD Securities boosted their price target on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of 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. Scotiabank lifted their price objective on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, Desjardins raised their target price on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, AGF Management currently has an average rating of “Moderate Buy” and a consensus price target of C$11.82.

AGF Management Trading Up 3.2 %

TSE:AGF.B opened at C$10.49 on Thursday. The company has a market cap of C$674.40 million, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71. The business has a 50 day moving average price of C$8.17 and a two-hundred day moving average price of C$8.25. The company has a quick ratio of 1.75, a current ratio of 1.58 and a debt-to-equity ratio of 14.60. AGF Management has a twelve month low of C$6.30 and a twelve month high of C$10.68.

Insider Buying and Selling at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of C$7.97 per share, for a total transaction of C$128,317.00. In other AGF Management news, Director Cybele Negris acquired 5,121 shares of AGF Management stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of C$7.86 per share, with a total value of C$40,246.45. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of C$7.97 per share, for a total transaction of C$128,317.00. Insiders acquired 52,885 shares of company stock valued at $421,964 in the last quarter. Company insiders own 18.74% 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.