Analysts Set AGF Management Limited (TSE:AGF.B) Target Price at C$11.82

AGF Management Limited (TSE:AGF.B) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$11.82.

AGF.B has been the topic of a number of recent research reports. TD Securities increased their price target on shares of AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. BMO Capital Markets lifted their target price on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a research report on Monday, September 23rd. Desjardins upped their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Thursday, September 26th. Scotiabank raised their price objective on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Finally, CIBC boosted their target price on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.

Insider Activity at AGF Management

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Insiders sold a total of 135,174 shares of company stock worth $1,468,896 over the last quarter. 18.70% of the stock is owned by corporate insiders.

AGF Management Price Performance

Shares of AGF Management stock opened at C$10.69 on Monday. The business’s 50-day moving average price is C$10.85 and its 200-day moving average price is C$9.23. The firm has a market capitalization of C$682.66 million, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a 12 month low of C$7.27 and a 12 month high of C$11.53. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

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.