AGF Management Limited (TSE:AGF.B) Receives Average Recommendation of “Moderate Buy” from Brokerages

AGF Management Limited (TSE:AGF.B) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$11.82.

AGF.B has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research report on Monday, September 23rd. Desjardins increased their price objective on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. CIBC boosted their target price on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Scotiabank increased their price target on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Finally, TD Securities raised their price target on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

AGF Management Stock Performance

AGF.B stock opened at C$11.09 on Thursday. The firm has a 50-day simple moving average of C$10.30 and a two-hundred day simple moving average of C$8.94. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. AGF Management has a one year low of C$7.18 and a one year high of C$11.53. The firm has a market cap of C$708.21 million, a price-to-earnings ratio of 8.65, a PEG ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of C$7.97 per share, for a total transaction of C$128,317.00. Also, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$11.21, for a total transaction of C$512,678.14. In the last quarter, insiders have sold 135,174 shares of company stock worth $1,468,896. 18.70% of the stock is owned by corporate insiders.

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.