Jefferies Financial Group Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price target hoisted by equities research analysts at Jefferies Financial Group from C$11.00 to C$12.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 14.07% from the company’s current price.

AGF.B has been the subject of several other research reports. Scotiabank upped their target price on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Desjardins boosted their price target 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. TD Securities boosted 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. BMO Capital Markets increased their price target on AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a report on Monday, September 23rd. Finally, CIBC boosted 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Price Performance

Shares of AGF.B opened at C$10.52 on Wednesday. The firm has a market capitalization of C$671.81 million, a price-to-earnings ratio of 8.22, a PEG ratio of 1.18 and a beta of 1.73. The firm’s fifty day simple moving average is C$10.88 and its 200-day simple moving average is C$9.46. AGF Management has a twelve month low of C$7.27 and a twelve month high of C$11.53. 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 Buying and Selling

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$11.21, for a total value of C$512,678.14. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company’s 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. Over the last 90 days, insiders have sold 545,085 shares of company stock valued at $6,071,247. Corporate 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.