AGF Management (TSE:AGF.B) Given New C$13.00 Price Target at Desjardins

AGF Management (TSE:AGF.B - Free Report) had its target price lifted by Desjardins from C$12.50 to C$13.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. CIBC raised their price objective on AGF Management from C$14.00 to C$17.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Scotiabank lifted their target price on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Jefferies Financial Group upped 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 lifted their price target on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.18.

AGF Management Price Performance

Shares of TSE AGF.B traded up C$0.30 during mid-day trading on Thursday, reaching C$10.68. 129,481 shares of the company traded hands, compared to its average volume of 49,599. AGF Management has a fifty-two week low of C$7.27 and a fifty-two week high of C$11.53. The firm has a market cap of C$682.02 million, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The stock has a fifty day simple moving average of C$10.81 and a 200-day simple moving average of C$9.53. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Activity at AGF Management

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of AGF Management stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$11.21, for a total value of C$512,678.14. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. In the last three months, insiders have sold 545,085 shares of company stock worth $6,071,247. 18.70% of the stock is owned by insiders.

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.