Brokerages Set AGF Management Limited (TSE:AGF.B) PT at C$12.46

AGF Management Limited (TSE:AGF.B) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$12.46.

AGF.B has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets lifted their price target on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Desjardins increased their price objective on shares of AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, TD Securities raised their target price on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th.

Insider Activity at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Over the last ninety days, insiders sold 513,485 shares of company stock valued at $5,734,707. Corporate insiders own 18.70% of the company’s stock.

AGF Management Stock Performance

Shares of AGF Management stock opened at C$10.64 on Tuesday. AGF Management has a 1 year low of C$7.27 and a 1 year high of C$11.53. The firm’s 50-day moving average is C$10.82 and its 200 day moving average is C$9.81. The stock has a market cap of C$679.47 million, a price-to-earnings ratio of 8.31, a PEG ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

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.