AGF Management (TSE:AGF.B) Price Target Raised to C$13.50 at Desjardins

AGF Management (TSE:AGF.B) had its target price raised by investment analysts at Desjardins from C$13.00 to C$13.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 32.48% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group raised their target price 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 increased their price target 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. Finally, BMO Capital Markets boosted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AGF Management currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.54.

AGF Management Stock Performance

Shares of AGF Management stock traded down C$0.01 during trading hours on Thursday, hitting C$10.19. 21,556 shares of the company were exchanged, compared to its average volume of 71,454. The stock has a market capitalization of C$650.73 million, a price-to-earnings ratio of 7.96, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$11.95. The business has a 50-day moving average of C$10.81 and a 200-day moving average of C$10.47. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of C$11.57 per share, with a total value of C$244,127.00. Insiders purchased 89,700 shares of company stock worth $1,033,992 in the last 90 days. 18.70% of the stock is currently 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.