AGF Management (TSE:AGF.B) Price Target Raised to C$10.75 at Scotiabank

AGF Management (TSE:AGF.B) had its price target lifted by Scotiabank from C$10.50 to C$10.75 in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

AGF.B has been the subject of a number of other reports. BMO Capital Markets upped their price target on shares of AGF Management from C$8.50 to C$9.00 in a research report on Friday, April 5th. Jefferies Financial Group upped their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Sunday, April 7th. Royal Bank of Canada upped their price target on shares of AGF Management from C$9.00 to C$10.00 in a research report on Friday, April 5th. Finally, CIBC upped their price target on shares of AGF Management from C$11.00 to C$14.00 in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$10.79.

AGF Management Stock Performance

Shares of TSE AGF.B opened at C$8.56 on Thursday. The firm has a market capitalization of C$553.23 million, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.78. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05. The firm has a 50 day moving average of C$8.26 and a 200 day moving average of C$8.01. The company has a current ratio of 1.73, a quick ratio of 1.75 and a debt-to-equity ratio of 11.08.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 124,500 shares of the stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of C$8.46 per share, with a total value of C$1,053,270.00. Over the last quarter, insiders have purchased 198,560 shares of company stock valued at $1,653,629. 18.65% of the stock is currently owned by corporate insiders.

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.