Kevin Andrew Mccreadie Sells 32,840 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of AGF Management stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total transaction of C$343,178.00.

AGF Management Trading Up 1.3 %

Shares of AGF.B stock opened at C$10.80 on Friday. The stock’s fifty day moving average is C$8.44 and its two-hundred day moving average is C$8.34. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market capitalization of C$689.69 million, a P/E ratio of 8.44, a PEG ratio of 1.18 and a beta of 1.73. AGF Management Limited has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.87.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AGF.B. TD Securities lifted 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 note on Wednesday, October 2nd. BMO Capital Markets lifted 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. Desjardins lifted 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 note on Thursday, September 26th. CIBC raised their price objective on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Scotiabank raised their price objective on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$11.82.

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.