Insider Buying: AGF Management Limited (TSE:AGF.B) Director Purchases 3,700 Shares of Stock

AGF Management Limited (TSE:AGF.B) Director Cybele Negris bought 3,700 shares of the stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$7.96 per share, for a total transaction of C$29,433.50.

Cybele Negris also recently made the following trade(s):

• On Tuesday, August 6th, Cybele Negris acquired 3,100 shares of AGF Management stock. The stock was purchased at an average cost of C$7.90 per share, for a total transaction of C$24,490.00.
• On Wednesday, July 31st, Cybele Negris bought 6,000 shares of AGF Management stock. The stock was acquired at an average cost of C$8.15 per share, with a total value of C$48,900.00.

AGF Management Price Performance

TSE AGF.B traded down C$0.08 on Monday, hitting C$7.92. 32,671 shares of the company’s stock were exchanged, compared to its average volume of 63,586. The stock has a 50-day moving average of C$8.23 and a 200-day moving average of C$8.15. The stock has a market cap of C$509.18 million, a price-to-earnings ratio of 6.02, a P/E/G ratio of 1.18 and a beta of 1.71. AGF Management Limited has a 52 week low of C$6.30 and a 52 week high of C$9.05. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AGF.B. Scotiabank set a C$10.75 price objective on shares of AGF Management and gave the company a “sector perform” rating in a report on Thursday, June 27th. Desjardins boosted their price target on AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$10.96.

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.