TD Securities Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B - Get Free Report) had its price objective hoisted by equities researchers at TD Securities from C$12.00 to C$13.00 in a research note issued on Monday,BayStreet.CA reports. TD Securities' target price points to a potential upside of 20.93% from the company's previous close.

A number of other research analysts also recently issued reports on AGF.B. Desjardins lifted their price target on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a "buy" rating in a research note on Thursday. 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 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, CIBC lifted their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$12.46.

AGF Management Stock Up 0.7 %

Shares of TSE AGF.B traded up C$0.07 during midday trading on Monday, hitting C$10.75. The company's stock had a trading volume of 35,307 shares, compared to its average volume of 48,499. 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 firm has a market capitalization of C$686.50 million, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The business's fifty day simple moving average is C$10.81 and its two-hundred day simple moving average is C$9.56. AGF Management has a 1 year low of C$7.27 and a 1 year high of C$11.53.

Insiders Place Their Bets

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of C$10.65, for a total transaction of C$336,540.00. In the last ninety days, insiders have sold 545,085 shares of company stock worth $6,071,247. Corporate 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.