Analysts Set AGF Management Limited (TSE:AGF.B) Price Target at C$12.46

AGF Management Limited (TSE:AGF.B) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$12.54.

Several research analysts have commented on AGF.B shares. Desjardins lifted their target price on AGF Management from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Thursday. TD Securities lifted their price objective on AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their target price on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group boosted their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of AGF Management stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of C$11.06 per share, with a total value of C$232,260.00. Insiders purchased a total of 89,700 shares of company stock valued at $1,033,992 in the last quarter. 18.70% of the stock is currently owned by company insiders.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$9.97 on Wednesday. The firm has a market cap of C$636.68 million, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a 52 week low of C$7.37 and a 52 week high of C$11.95. The firm’s fifty day moving average is C$10.79 and its 200-day moving average is C$10.48. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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.