AGF Management Limited (TSE:AGF.B) Receives C$11.82 Average PT from Analysts

AGF Management Limited (TSE:AGF.B - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$11.82.

A number of equities analysts recently weighed in on AGF.B shares. Desjardins lifted their target price on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research note on Thursday, September 26th. CIBC lifted their target price on shares of 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. TD Securities lifted 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 research note on Wednesday, October 2nd. Scotiabank lifted their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Finally, BMO Capital Markets lifted their target price on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a "market perform" rating in a research note on Monday, September 23rd.

Insider Activity at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the firm's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total transaction of C$343,178.00. In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of AGF Management stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total value of C$343,178.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of the stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of C$7.97 per share, for a total transaction of C$128,317.00. Insiders have bought 51,585 shares of company stock valued at $411,226 over the last ninety days. Corporate insiders own 18.70% of the company's stock.

AGF Management Price Performance

Shares of AGF.B stock remained flat at C$10.33 during trading hours on Friday. 47,500 shares of the stock traded hands, compared to its average volume of 72,308. The firm has a 50 day moving average price of C$8.98 and a 200 day moving average price of C$8.50. The stock has a market cap of C$659.67 million, a PE ratio of 8.07, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$11.11. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

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.