AGF Management Limited (TSE:AGF.B - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$11.95 and last traded at C$11.18, with a volume of 152062 shares changing hands. The stock had previously closed at C$11.91.
Analysts Set New Price Targets
Several research firms recently commented on AGF.B. Desjardins raised their target price on AGF Management from C$12.50 to C$13.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. BMO Capital Markets boosted their target price on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Jefferies Financial Group upped their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, TD Securities boosted their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$12.46.
Get Our Latest Stock Report on AGF Management
AGF Management Stock Down 2.0 %
The firm's 50-day moving average is C$10.92 and its two-hundred day moving average is C$10.22. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The stock has a market cap of C$688.41 million, a P/E ratio of 8.42, a PEG ratio of 1.18 and a beta of 1.73.
Insider Activity
In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were purchased 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 over the last 90 days. 18.70% of the stock is owned by company insiders.
About AGF Management
(
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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.
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