AGF Management (TSE:AGF.B) Hits New 12-Month High – Here’s Why

by · The Cerbat Gem

AGF Management Limited (TSE:AGF.B – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$10.75 and last traded at C$10.68, with a volume of 123288 shares. The stock had previously closed at C$10.44.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AGF.B. CIBC increased their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. TD Securities increased their price target on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Desjardins raised their target price on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. BMO Capital Markets raised their target price on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a report on Monday, September 23rd. Finally, Scotiabank raised their target price on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$11.82.

View Our Latest Stock Analysis on AGF Management

AGF Management Stock Up 1.3 %

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 company has a market cap of C$689.69 million, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The business has a 50-day simple moving average of C$8.44 and a 200-day simple moving average of C$8.34.

Insider Buying and Selling at AGF Management

In other AGF Management news, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of C$7.99 per share, with a total value of C$99,833.75. In other AGF Management news, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of C$7.99 per share, with a total value of C$99,833.75. Also, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Insiders have purchased 51,585 shares of company stock valued at $411,226 in the last quarter. Corporate insiders own 18.70% of the company’s stock.

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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