AGF Management Limited (TSE:AGF.B) Given Average Rating of "Moderate Buy" by Brokerages

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$10.96.

Several analysts have recently issued reports on the stock. Scotiabank set a C$10.75 target price on shares of AGF Management and gave the company a "sector perform" rating in a research report on Thursday, June 27th. Desjardins lifted their price objective on AGF Management from C$11.50 to C$12.00 and gave the stock a "buy" rating in a report on Monday, June 24th.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of AGF Management stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of C$7.97 per share, for a total transaction of C$128,317.00. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of C$7.97 per share, for a total transaction of C$128,317.00. Also, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of C$7.99 per share, with a total value of C$99,833.75. In the last quarter, insiders purchased 54,585 shares of company stock worth $436,003. Insiders own 18.74% of the company's stock.

AGF Management Stock Performance

AGF.B traded down C$0.18 on Friday, reaching C$7.68. The stock had a trading volume of 49,296 shares, compared to its average volume of 62,673. The business's 50-day moving average price is C$8.08 and its two-hundred day moving average price is C$8.18. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05. The company has a market cap of C$493.75 million, a P/E ratio of 5.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71.

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.