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

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

AGF.B has been the subject of a number of recent analyst reports. CIBC upped 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. Desjardins upped their target price on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. BMO Capital Markets lifted their price target on shares of AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a report on Monday, September 23rd. TD Securities upped their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank lifted their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th.

AGF Management Stock Down 0.6 %

Shares of TSE AGF.B opened at C$10.93 on Thursday. The stock has a market capitalization of C$697.99 million, a P/E ratio of 8.54, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a one year low of C$7.04 and a one year high of C$11.53. The firm’s 50 day simple moving average is C$10.06 and its two-hundred day simple moving average is C$8.86. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Buying and Selling at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of C$7.97 per share, with a total value of C$128,317.00. Also, Director Cybele Negris bought 5,121 shares of AGF Management stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of C$7.86 per share, for a total transaction of C$40,246.45. Insiders own 18.70% of the company’s stock.

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.