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

AGF Management Limited (TSE:AGF.B) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$11.82.

Several analysts have commented on the stock. BMO Capital Markets lifted 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 research report on Monday, September 23rd. Desjardins lifted their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Thursday, September 26th. CIBC increased their price objective on 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 raised their target price on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, TD Securities upped their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.

AGF Management Stock Performance

TSE AGF.B opened at C$10.33 on Friday. The business’s fifty day moving average is C$8.98 and its 200-day moving average is C$8.50. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock has a market capitalization of C$659.67 million, a price-to-earnings ratio of 8.07, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a one year low of C$6.30 and a one year high of C$11.11.

Insider Buying and Selling at AGF Management

In related news, Director Cybele Negris bought 6,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was acquired at an average price of C$8.15 per share, for a total transaction of C$48,900.00. In other news, Director Cybele Negris bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of C$8.15 per share, with a total value of C$48,900.00. Also, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total transaction of C$343,178.00. Insiders have acquired 51,585 shares of company stock valued at $411,226 in the last 90 days. 18.70% of the stock is currently owned by company insiders.

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.