Scotiabank Lowers AGF Management (TSE:AGF.B) Price Target to C$11.50

AGF Management (TSE:AGF.B - Get Free Report) had its price target dropped by equities research analysts at Scotiabank from C$12.00 to C$11.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's price objective suggests a potential upside of 26.51% from the stock's current price.

Several other brokerages have also commented on AGF.B. Desjardins decreased their price target on AGF Management from C$13.50 to C$12.25 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. TD Securities cut their target price on shares of AGF Management from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group increased 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. Finally, BMO Capital Markets boosted their price target on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AGF Management has a consensus rating of "Moderate Buy" and an average target price of C$12.63.

AGF Management Stock Performance

Shares of AGF.B stock traded down C$0.09 during trading hours on Wednesday, reaching C$9.09. 140,082 shares of the company's stock were exchanged, compared to its average volume of 73,117. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The company's 50 day moving average is C$10.42 and its two-hundred day moving average is C$10.60. The company has a market cap of C$580.49 million, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$11.95.

Insider Activity

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of C$11.06 per share, with a total value of C$232,260.00. Insiders acquired a total of 89,700 shares of company stock valued at $1,033,992 over the last quarter. Company insiders own 18.70% of the company's stock.

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.