AGF Management Limited (TSE:AGF.B) Insider Sells C$4,945,528.67 in Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Price Performance

AGF Management stock traded up C$0.05 during trading hours on Thursday, hitting C$10.47. 21,818 shares of the company traded hands, compared to its average volume of 41,568. The firm has a market cap of C$668.61 million, a P/E ratio of 8.18, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm’s 50-day simple moving average is C$10.87 and its two-hundred day simple moving average is C$9.45. AGF Management Limited has a 1-year low of C$7.27 and a 1-year high of C$11.53.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGF.B. Scotiabank raised their price target on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Desjardins increased their price objective on shares of 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. TD Securities increased their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets raised their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.11.

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.