AGF Management (TSE:AGF.B) Price Target Raised to C$12.00

AGF Management (TSE:AGF.B) had its target price increased by Jefferies Financial Group from C$11.00 to C$12.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently commented on AGF.B. Scotiabank raised their target price on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. BMO Capital Markets raised their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a report on Monday, September 23rd. CIBC upped their target price on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Desjardins raised their target price 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, TD Securities upped their price target 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Price Performance

AGF.B opened at C$10.16 on Wednesday. The stock’s 50 day moving average price is C$10.88 and its 200-day moving average price is C$9.46. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The stock has a market capitalization of C$648.82 million, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. 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 Transactions at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$11.21, for a total transaction of C$512,678.14. 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 stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Insiders have sold a total of 545,085 shares of company stock valued at $6,071,247 in the last ninety days. 18.70% of the stock is currently owned by corporate 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.