AGF Management (TSE:AGF.B) Price Target Raised to C$13.00

AGF Management (TSE:AGF.B) had its price objective lifted by stock analysts at Desjardins from C$12.50 to C$13.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 21.72% from the stock’s current price.

Several other brokerages have also commented on AGF.B. BMO Capital Markets boosted their price target on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Jefferies Financial Group boosted their target price 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 upped their target price on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Scotiabank lifted their price target on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Finally, CIBC increased their price objective on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$12.18.

AGF Management Stock Up 2.9 %

Shares of TSE AGF.B opened at C$10.68 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a 50-day moving average price of C$10.81 and a 200 day moving average price of C$9.53. 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$682.02 million, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insider Activity

In related news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management 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 545,085 shares of company stock worth $6,071,247 over the last three months. 18.70% of the stock is currently owned by corporate 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.