Brokerages Set AGF Management Limited (TSE:AGF.B) Target Price at C$12.11

AGF Management Limited (TSE:AGF.B) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$12.11.

AGF.B has been the topic of several recent analyst reports. Scotiabank lifted their target price on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Jefferies Financial Group boosted their price objective on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. TD Securities increased their target price 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 lifted their price target on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Finally, Desjardins increased their price objective on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Thursday, September 26th.

AGF Management Stock Down 3.4 %

AGF Management stock opened at C$10.16 on Friday. The company has a market capitalization of C$648.82 million, a P/E ratio of 7.94, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 1-year low of C$7.27 and a 1-year high of C$11.53. The firm’s fifty day simple moving average is C$10.87 and its 200-day simple moving average is C$9.47. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 31,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Insiders sold a total of 545,085 shares of company stock worth $6,071,247 in the last quarter. 18.70% of the stock is owned by company 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.