AGF Management Limited (TSE:AGF.B) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$12.46.

A number of analysts recently issued reports on the company. BMO Capital Markets raised their price target on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Jefferies Financial Group reduced their target price on shares of AGF Management from C$12.00 to C$11.00 in a research note on Monday. TD Securities dropped their price target on shares of AGF Management from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Desjardins reduced their price objective on shares of AGF Management from C$13.50 to C$12.25 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Scotiabank dropped their target price on AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating for the company in a research report on Wednesday, April 9th.

AGF Management Price Performance

Shares of AGF.B traded up C$0.36 during trading hours on Friday, reaching C$10.04. 19,480 shares of the stock traded hands, compared to its average volume of 71,157. AGF Management has a 52-week low of C$7.37 and a 52-week high of C$11.95. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The company has a market cap of C$641.15 million, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company's 50-day moving average price is C$10.17 and its two-hundred day moving average price is C$10.58.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of C$11.06 per share, with a total value of C$232,260.00. Insiders have bought 89,700 shares of company stock valued at $1,033,992 in the last 90 days. 18.70% of the stock is currently owned by company insiders.

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.