Jefferies Financial Group Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price objective raised by Jefferies Financial Group from C$11.00 to C$12.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on AGF.B. TD Securities boosted their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank raised their target price on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Desjardins upped their price objective on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Thursday, September 26th. BMO Capital Markets raised 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. Finally, CIBC upped their price objective on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.11.

AGF Management Stock Performance

Shares of TSE AGF.B opened at C$10.42 on Wednesday. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The stock’s fifty day simple moving average is C$10.87 and its 200 day simple moving average is C$9.45. The stock has a market capitalization of C$665.42 million, a price-to-earnings ratio of 8.14, a PEG ratio of 1.18 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Insider Buying and Selling

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the business’s stock in a transaction dated 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 three months, insiders have sold 102,334 shares of company stock valued at $1,125,718. 18.70% 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.