AGF Management Limited (TSE:AGF.B) Given Consensus Recommendation of “Moderate Buy” by Brokerages

AGF Management Limited (TSE:AGF.B) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$12.46.

AGF.B has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Jefferies Financial Group boosted their target price on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Desjardins upped their price target on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, TD Securities lifted their price objective on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Insider Activity

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of AGF Management stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$11.21, for a total value of C$512,678.14. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. Insiders have sold 513,485 shares of company stock worth $5,734,707 in the last 90 days. Corporate insiders own 18.70% of the company’s stock.

AGF Management Price Performance

AGF.B opened at C$10.90 on Tuesday. The company has a fifty day moving average price of C$10.81 and a two-hundred day moving average price of C$9.85. The firm has a market capitalization of C$696.07 million, a PE ratio of 8.52, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 52 week low of C$7.27 and a 52 week high of C$11.53. 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 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.