AGF Management (TSE:AGF.B) Price Target Raised to C$11.00

AGF Management (TSE:AGF.B) had its price objective raised by TD Securities from C$10.00 to C$11.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

AGF.B has been the subject of a number of other research reports. Scotiabank upped their target price on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Desjardins boosted 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. Finally, BMO Capital Markets boosted their price objective on AGF Management from C$9.00 to C$10.00 and gave the company a market perform rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$11.82.

AGF Management Trading Up 3.2 %

AGF Management stock opened at C$10.49 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60. The firm has a 50 day moving average of C$8.17 and a 200 day moving average of C$8.25. The firm has a market capitalization of C$674.40 million, a price-to-earnings ratio of 7.95, a P/E/G ratio of 1.18 and a beta of 1.71. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$10.68.

Insider Activity

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of C$7.97 per share, for a total transaction of C$128,317.00. In other news, Director Laura Lee Dottori-Attanasio acquired 12,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of C$7.99 per share, with a total value of C$99,833.75. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of C$7.97 per share, with a total value of C$128,317.00. Over the last ninety days, insiders have acquired 52,885 shares of company stock worth $421,964. Corporate insiders own 18.74% of the company’s stock.

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.