AGF Management Limited (TSE:AGF.B) Insider Acquires C$232,260.00 in Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,000 shares of AGF Management stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$11.06 per share, with a total value of C$232,260.00.

AGF EMPLOYEE BENEFIT PLAN TRUST also recently made the following trade(s):

• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,100 shares of AGF Management stock. The stock was purchased at an average price of C$11.57 per share, for a total transaction of C$244,127.00.
• On Wednesday, December 4th, AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management stock. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Trading Down 3.1 %

AGF Management stock opened at C$11.40 on Friday. AGF Management Limited has a 52 week low of C$7.37 and a 52 week high of C$11.84. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market capitalization of C$728.00 million, a PE ratio of 8.91, a PEG ratio of 1.18 and a beta of 1.73. The business’s 50-day simple moving average is C$10.81 and its 200-day simple moving average is C$10.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AGF.B. Jefferies Financial Group raised their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. TD Securities raised their target price on AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Desjardins upped their price target on AGF Management from C$12.50 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets increased their price objective on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.46.

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.