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

AGF Management (TSE:AGF.B - Get Free Report) had its price target lifted by TD Securities from C$12.00 to C$13.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 15.25% from the stock's previous close.

A number of other brokerages have also weighed in on AGF.B. 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. CIBC boosted their price target on AGF Management from C$14.00 to C$17.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, Desjardins increased their price objective 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, January 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$12.46.

AGF Management Stock Performance

Shares of AGF.B stock traded down C$0.10 during trading hours on Thursday, reaching C$11.28. The company had a trading volume of 31,500 shares, compared to its average volume of 64,867. The firm has a market cap of C$720.34 million, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The business has a fifty day moving average price of C$10.83 and a 200-day moving average price of C$9.73. AGF Management has a one year low of C$7.27 and a one year high of C$11.53. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

Insider Buying and Selling

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of AGF Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total value of C$336,540.00. In the last ninety days, insiders sold 545,085 shares of company stock valued at $6,071,247. 18.70% of the stock is owned by corporate insiders.

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.