AGF Management Limited (TSE:AGF.B) Receives C$11.82 Average Target Price from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$11.82.

Several equities research analysts have recently commented on AGF.B shares. Desjardins increased their price objective on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. CIBC increased their price target on shares of 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. 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. BMO Capital Markets upped their target price 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. Finally, TD Securities raised 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.

AGF Management Stock Down 0.5 %

AGF.B stock opened at C$10.75 on Monday. The company has a market cap of C$686.50 million, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$7.27 and a twelve month high of C$11.53. The business has a 50 day moving average price of C$10.84 and a two-hundred day moving average price of C$9.21. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Insider Buying and Selling at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of C$10.65, for a total transaction of C$336,540.00. Insiders have sold a total of 135,174 shares of company stock worth $1,468,896 over the last ninety days. 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.