AGF Management (TSE:AGF.B) Price Target Lowered to C$11.00 at Jefferies Financial Group

AGF Management (TSE:AGF.B - Free Report) had its target price reduced by Jefferies Financial Group from C$12.00 to C$11.00 in a research note released on Monday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets raised their price target on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. TD Securities cut their price objective on shares of AGF Management from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Scotiabank lowered their target price on shares of AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating for the company in a report on Wednesday, April 9th. Finally, Desjardins reduced 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 report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$12.46.

AGF Management Price Performance

TSE AGF.B traded up C$0.02 during trading hours on Monday, reaching C$9.98. 3,917 shares of the company's stock were exchanged, compared to its average volume of 71,047. The firm has a fifty day moving average of C$10.15 and a 200-day moving average of C$10.57. AGF Management has a one year low of C$7.37 and a one year high of C$11.95. The stock has a market cap of C$637.32 million, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Insider Buying and Selling

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of AGF Management stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of C$9.80, for a total transaction of C$240,609.60. Over the last three months, insiders have bought 89,700 shares of company stock worth $1,033,992. Insiders own 18.70% of the company's stock.

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.