AGF Management Limited (TSE:AGF.B) Receives C$11.25 Consensus Price Target from Brokerages

by · The Cerbat Gem

AGF Management Limited (TSE:AGF.B – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$11.82.

Several equities research analysts recently issued reports on the company. Desjardins lifted their price objective on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. CIBC lifted their price objective 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. BMO Capital Markets raised their price target on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research report on Monday, September 23rd. Scotiabank raised their price target on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, TD Securities raised their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.

Get Our Latest Analysis on AGF.B

Insider Transactions at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of AGF Management stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of C$7.97 per share, for a total transaction of C$128,317.00. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of C$7.97 per share, with a total value of C$128,317.00. Also, Director Cybele Negris acquired 6,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average cost of C$8.15 per share, for a total transaction of C$48,900.00. Over the last quarter, insiders have purchased 51,585 shares of company stock worth $411,226. Company insiders own 18.70% of the company’s stock.

AGF Management Price Performance

TSE:AGF.B opened at C$10.43 on Wednesday. The firm has a market capitalization of C$666.06 million, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 52-week low of C$6.30 and a 52-week high of C$10.68. The stock has a fifty day moving average of C$8.29 and a 200 day moving average of C$8.29. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

About AGF Management

(Get Free Report

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.

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