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

AGF Management Limited (TSE:AGF.B - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$12.46.

AGF.B has been the topic of a number of research analyst reports. TD Securities raised their price objective 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. Jefferies Financial Group raised 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 research note on Wednesday, January 8th. BMO Capital Markets raised their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Finally, Desjardins raised their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a "buy" rating in a report on Thursday, January 16th.

Insider Activity

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 22,500 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of C$11.89 per share, for a total transaction of C$267,525.00. In the last 90 days, insiders have acquired 89,700 shares of company stock worth $1,033,992. 18.70% of the stock is owned by corporate insiders.

AGF Management Stock Performance

Shares of TSE:AGF.B traded down C$0.32 during trading hours on Friday, hitting C$10.86. The stock had a trading volume of 170,630 shares, compared to its average volume of 76,990. The stock's fifty day simple moving average is C$10.92 and its 200 day simple moving average is C$10.19. AGF Management has a 1-year low of C$7.37 and a 1-year high of C$11.95. The firm has a market capitalization of C$693.52 million, a price-to-earnings ratio of 8.48, a PEG ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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.