AGF Management (TSE:AGF.B) Price Target Raised to C$11.00

AGF Management (TSE:AGF.B) had its price target raised by BMO Capital Markets from C$10.00 to C$11.00 in a report issued on Wednesday,BayStreet.CA reports.

AGF.B has been the subject of several other reports. Desjardins boosted their price objective on shares of 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 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 report on Wednesday, October 2nd. Jefferies Financial Group raised their price objective on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank raised their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Finally, CIBC increased their price target on 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Stock Down 3.4 %

Shares of TSE AGF.B opened at C$10.16 on Wednesday. The firm has a 50-day simple moving average of C$10.88 and a two-hundred day simple moving average of C$9.46. AGF Management has a 1 year low of C$7.27 and a 1 year high of C$11.53. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The company has a market cap of C$648.82 million, a P/E ratio of 7.94, a PEG ratio of 1.18 and a beta of 1.73.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company’s stock in a transaction dated 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 stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of C$10.65, for a total value of C$336,540.00. Insiders have sold a total of 545,085 shares of company stock worth $6,071,247 over the last quarter. 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.