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

Shares of AGF Management Limited (TSE:AGF.B) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Three research 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 brokers that have issued a report on the stock in the last year is C$12.18.

AGF.B has been the subject of a number of research analyst reports. TD Securities upped their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upped their price target on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. CIBC increased their price objective on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Desjardins raised their price target on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price target on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th.

Insider Buying and Selling at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$10.65, for a total transaction of C$336,540.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67. Insiders sold a total of 545,085 shares of company stock valued at $6,071,247 in the last quarter. Corporate insiders own 18.70% of the company’s stock.

AGF Management Trading Up 1.7 %

Shares of AGF.B opened at C$10.38 on Friday. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm’s fifty day moving average is C$10.83 and its two-hundred day moving average is C$9.52. The stock has a market cap of C$662.87 million, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

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.