AGF Management (TSE:AGF.B) Price Target Raised to C$12.00 at Desjardins

AGF Management (TSE:AGF.B) had its price objective upped by Desjardins from C$11.50 to C$12.00 in a report published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

AGF.B has been the topic of several other research reports. CIBC boosted their price target on AGF Management from C$11.00 to C$14.00 in a research note on Friday, April 5th. BMO Capital Markets boosted their price objective on AGF Management from C$8.50 to C$9.00 in a report on Friday, April 5th. Scotiabank boosted their price objective on AGF Management from C$10.50 to C$10.75 and gave the company a sector perform rating in a report on Thursday, June 20th. Jefferies Financial Group boosted their price objective on AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Finally, Royal Bank of Canada boosted their price objective on AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, AGF Management has an average rating of Moderate Buy and a consensus target price of C$10.96.

AGF Management Trading Down 8.5 %

TSE:AGF.B opened at C$7.97 on Monday. The company has a debt-to-equity ratio of 11.08, a quick ratio of 1.75 and a current ratio of 1.73. AGF Management has a one year low of C$6.30 and a one year high of C$9.05. The business’s 50-day simple moving average is C$8.29 and its 200 day simple moving average is C$8.04. The stock has a market cap of C$515.10 million, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.78.

Insider Activity

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 124,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of C$8.46 per share, with a total value of C$1,053,270.00. Over the last ninety days, insiders purchased 148,560 shares of company stock valued at $1,249,629. 18.65% of the stock is currently owned by insiders.

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.