AGF Management (TSE:AGF.B) Sets New 12-Month High After Insider Buying Activity

AGF Management Limited (TSE:AGF.B - Get Free Report) shares hit a new 52-week high during trading on Thursday following insider buying activity. The stock traded as high as C$11.55 and last traded at C$11.54, with a volume of 62148 shares traded. The stock had previously closed at C$11.20.

Specifically, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of C$11.06 per share, for a total transaction of C$232,260.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AGF.B shares. Desjardins upped their price target 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 upped their price target on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. TD Securities upped their price target on AGF Management from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group upped their price target on AGF Management from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, AGF Management currently has an average rating of "Moderate Buy" and an average price target of C$12.46.

AGF Management Trading Up 0.9 %

The company has a market capitalization of C$734.39 million, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. 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 firm has a fifty day moving average price of C$10.82 and a 200-day moving average price of C$10.06.

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.