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

AGF Management Limited (TSE:AGF.B) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$12.11.

AGF.B has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday. CIBC boosted 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 report on Thursday, October 3rd. Scotiabank lifted their target price on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. TD Securities boosted their target price on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Desjardins lifted 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.

Insider Buying and Selling

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. In the last 90 days, insiders sold 545,085 shares of company stock valued at $6,071,247. 18.70% of the stock is owned by company insiders.

AGF Management Trading Up 1.0 %

AGF.B stock opened at C$10.52 on Friday. The firm has a market cap of C$671.81 million, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm has a fifty day moving average price of C$10.88 and a 200 day moving average price of 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. AGF Management has a fifty-two week low of C$7.27 and a fifty-two week high of C$11.53.

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.