Desjardins Increases AGF Management (TSE:AGF.B) Price Target to C$12.50

AGF Management (TSE:AGF.B) had its price target upped by Desjardins from C$12.00 to C$12.50 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 39.51% from the company’s previous close.

A number of other equities research analysts also recently weighed in on AGF.B. Scotiabank raised their price target on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. BMO Capital Markets boosted their target price on AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.25.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$8.96 on Thursday. The company’s fifty day moving average price is C$8.06 and its 200-day moving average price is C$8.20. The company has a debt-to-equity ratio of 14.60, a current ratio of 1.58 and a quick ratio of 1.75. The firm has a market capitalization of C$576.04 million, a price-to-earnings ratio of 6.79, a PEG ratio of 1.18 and a beta of 1.71. AGF Management has a one year low of C$6.30 and a one year high of C$9.05.

Insider Activity at AGF Management

In related news, Director Cybele Negris purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were acquired at an average cost of C$8.15 per share, with a total value of C$48,900.00. In other news, Director Cybele Negris purchased 6,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were acquired at an average price of C$8.15 per share, with a total value of C$48,900.00. Also, Director Laura Lee Dottori-Attanasio acquired 12,500 shares of the stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of C$7.99 per share, with a total value of C$99,833.75. Insiders purchased 52,885 shares of company stock worth $421,964 in the last ninety days. 18.74% of the stock is owned by company 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.