BMO Capital Markets Boosts AGF Management (TSE:AGF.B) Price Target to C$11.00

AGF Management (TSE:AGF.B) had its target price hoisted by stock analysts at BMO Capital Markets from C$10.00 to C$11.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 4.56% from the company’s previous close.

A number of other equities analysts also recently weighed in on AGF.B. Desjardins boosted their price target 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 increased their price target on 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. CIBC raised their price target 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. Jefferies Financial Group upped their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Scotiabank raised their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AGF Management currently has an average rating of “Moderate Buy” and a consensus price target of C$12.11.

AGF Management Stock Up 1.0 %

Shares of AGF Management stock opened at C$10.52 on Wednesday. The firm has a market cap of C$671.81 million, a PE ratio of 8.22, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The business’s 50 day simple moving average is C$10.88 and its 200 day simple moving average is C$9.46. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

Insider Buying and Selling

In other news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$10.65, for a total value of C$336,540.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. Insiders have sold a total of 545,085 shares of company stock worth $6,071,247 in the last ninety days. Company insiders own 18.70% of the company’s stock.

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.