Analysts Set AGF Management Limited (TSE:AGF.B) Price Target at C$11.82

Shares of AGF Management Limited (TSE:AGF.B) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$11.82.

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

AGF Management Trading Up 1.2 %

Shares of TSE AGF.B opened at C$10.69 on Monday. The stock has a market capitalization of C$682.66 million, a P/E ratio of 8.35, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a 1-year low of C$7.27 and a 1-year high of C$11.53. The business’s 50 day moving average is C$10.85 and its two-hundred day moving average is C$9.22. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Transactions at AGF Management

In other news, 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. Over the last ninety days, insiders have sold 135,174 shares of company stock worth $1,468,896. Insiders own 18.70% of the company’s stock.

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.