Scotiabank Increases AGF Management (TSE:AGF.B) Price Target to C$11.25

AGF Management (TSE:AGF.B) had its target price increased by Scotiabank from C$10.75 to C$11.25 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Separately, Desjardins set a C$12.00 target price on AGF Management and gave the stock a buy rating in a report on Friday, September 13th. 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, AGF Management has a consensus rating of Moderate Buy and a consensus price target of C$11.04.

AGF Management Stock Performance

Shares of AGF.B stock opened at C$8.49 on Wednesday. The company has a debt-to-equity ratio of 14.60, a current ratio of 1.58 and a quick ratio of 1.75. AGF Management has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.05. The stock’s 50-day moving average is C$8.03 and its two-hundred day moving average is C$8.19. The firm has a market cap of C$545.82 million, a P/E ratio of 6.43, a PEG ratio of 1.18 and a beta of 1.71.

Insider Transactions at AGF Management

In related news, Director Cybele Negris acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of C$8.15 per share, for a total transaction of C$48,900.00. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of C$7.97 per share, with a total value of C$128,317.00. Also, Director Cybele Negris purchased 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 ninety days, insiders purchased 52,885 shares of company stock worth $421,964. Corporate insiders own 18.69% of the company’s stock.

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.