AGF Management Limited (TSE:AGF.B) Receives C$12.11 Average PT from Brokerages

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$12.11.

Several equities research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. CIBC upped their target price on AGF Management from C$14.00 to C$17.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Jefferies Financial Group raised their target price on AGF Management from C$11.00 to C$12.00 and gave the company a "buy" rating in a research report on Wednesday. Desjardins boosted their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a "buy" rating in a report on Thursday, September 26th. Finally, TD Securities lifted their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd.

AGF Management Trading Down 3.4 %

Shares of AGF Management stock traded down C$0.36 during trading on Friday, hitting C$10.16. The company's stock had a trading volume of 33,766 shares, compared to its average volume of 41,780. The stock has a market cap of C$648.82 million, a price-to-earnings ratio of 7.94, a price-to-earnings-growth 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. AGF Management has a 52 week low of C$7.27 and a 52 week high of C$11.53. The stock has a 50-day moving average price of C$10.88 and a two-hundred day moving average price of C$9.46.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total value of C$276,500.00. Insiders sold 545,085 shares of company stock worth $6,071,247 in the last three months. 18.70% of the stock is owned by 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.