AGF Management Limited (TSE:AGF.B) Given Consensus Rating of “Moderate Buy” by Brokerages

AGF Management Limited (TSE:AGF.B) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$11.82.

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

Insider Buying and Selling at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Also, Director Cybele Negris acquired 5,121 shares of the stock in a transaction on Wednesday, August 28th. The shares were acquired at an average price of C$7.86 per share, for a total transaction of C$40,246.45. Over the last ninety days, insiders sold 89,440 shares of company stock valued at $956,218. Corporate insiders own 18.70% of the company’s stock.

AGF Management Price Performance

Shares of AGF.B stock opened at C$11.25 on Thursday. AGF Management has a twelve month low of C$7.18 and a twelve month high of C$11.53. 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 business has a fifty day simple moving average of C$10.24 and a 200 day simple moving average of C$8.92. The company has a market cap of C$718.43 million, a P/E ratio of 8.79, a P/E/G ratio of 1.18 and a beta of 1.73.

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.