AGF Management (TSE:AGF.B) Given New C$13.00 Price Target at Desjardins

AGF Management (TSE:AGF.B) had its price objective hoisted by Desjardins from C$12.50 to C$13.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on AGF.B. CIBC raised their target price 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. TD Securities increased their price target on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. BMO Capital Markets increased their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Scotiabank raised their target price on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Finally, Jefferies Financial Group lifted their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$12.18.

AGF Management Stock Up 1.7 %

AGF Management stock opened at C$10.38 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 market cap of C$662.87 million, a P/E ratio of 8.11, a P/E/G ratio of 1.18 and a beta of 1.73. The business has a fifty day moving average of C$10.83 and a two-hundred day moving average of C$9.52. AGF Management has a twelve month low of C$7.27 and a twelve month high of C$11.53.

Insider Activity

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 transaction of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of AGF Management 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. Insiders sold a total of 545,085 shares of company stock valued at $6,071,247 in the last 90 days. Company 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.