Desjardins Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price target raised by equities researchers at Desjardins from C$13.00 to C$13.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 35.41% from the company’s current price.

A number of other research firms also recently commented on AGF.B. Jefferies Financial Group upped their price objective on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets upped their price target on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Finally, TD Securities lifted their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$12.54.

AGF Management Stock Performance

Shares of AGF Management stock opened at C$9.97 on Thursday. The firm has a fifty day moving average of C$10.79 and a two-hundred day moving average of 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. The stock has a market capitalization of C$636.68 million, a price-to-earnings ratio of 7.79, a PEG 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.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of C$11.57 per share, with a total value of C$244,127.00. Insiders have acquired a total of 89,700 shares of company stock valued at $1,033,992 over the last 90 days. 18.70% of the stock is owned by company insiders.

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.