AGF Management Limited (TSE:AGF.B) Receives C$12.46 Average Target Price from Analysts

AGF Management Limited (TSE:AGF.B - Get Free Report) has been assigned an average recommendation 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 price objective among brokers that have covered the stock in the last year is C$12.46.

A number of research firms have issued reports on AGF.B. 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 report on Wednesday, January 8th. Desjardins raised their price objective on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. TD Securities upped their target price on shares of AGF Management from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets raised their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th.

Insiders Place Their Bets

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was 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 45,734 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$11.21, for a total transaction of C$512,678.14. Insiders have sold 513,485 shares of company stock worth $5,734,707 over the last 90 days. Corporate insiders own 18.70% of the company's stock.

AGF Management Stock Performance

AGF.B stock traded up C$0.14 during mid-day trading on Tuesday, reaching C$10.78. 33,612 shares of the stock traded hands, compared to its average volume of 62,662. 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 business has a 50-day moving average of C$10.82 and a two-hundred day moving average of C$9.82. The firm has a market capitalization of C$688.41 million, a PE ratio of 8.42, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 52 week low of C$7.27 and a 52 week high of C$11.53.

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.