AGF Management (TSE:AGF.B) Price Target Raised to C$17.00

AGF Management (TSE:AGF.B) had its price target raised by CIBC from C$14.00 to C$17.00 in a research report released on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets lifted their price objective on AGF Management from C$9.00 to C$10.00 and gave the stock a market perform rating in a report on Monday, September 23rd. Scotiabank lifted their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins increased 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, TD Securities lifted their target price on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a buy rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$11.82.

AGF Management Stock Performance

Shares of AGF.B opened at C$10.49 on Thursday. AGF Management has a 12 month low of C$6.30 and a 12 month high of C$10.68. The business’s fifty day simple moving average is C$8.21 and its two-hundred day simple moving average is C$8.26. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The company has a market cap of C$669.89 million, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Activity at AGF Management

In related news, Director Cybele Negris bought 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of C$8.15 per share, for a total transaction of C$48,900.00. In other news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of C$7.99 per share, for a total transaction of C$99,833.75. Also, Director Cybele Negris acquired 6,000 shares of AGF Management stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average cost of C$8.15 per share, with a total value of C$48,900.00. Over the last ninety days, insiders acquired 52,885 shares of company stock worth $421,964. 18.70% of the stock is owned by company insiders.

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.