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

Shares of AGF Management Limited (TSE:AGF.B) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$11.82.

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

AGF Management Price Performance

Shares of TSE AGF.B opened at C$10.42 on Friday. The firm has a market cap of C$665.42 million, a P/E ratio of 8.14, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$6.44 and a twelve month high of C$11.11. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The company has a 50 day moving average of C$9.13 and a 200 day moving average of C$8.54.

Insider Transactions at AGF Management

In other AGF Management news, Director Cybele Negris purchased 5,064 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of C$7.90 per share, for a total transaction of C$40,005.60. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of C$7.97 per share, for a total transaction of C$128,317.00. Also, Director Cybele Negris purchased 5,064 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of C$7.90 per share, with a total value of C$40,005.60. Insiders have acquired 33,085 shares of company stock worth $262,493 in the last quarter. Company insiders own 18.70% of the company’s stock.

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.