TD Securities Raises AGF Management (TSE:AGF.B) Price Target to C$13.00

AGF Management (TSE:AGF.B) had its price objective boosted by TD Securities from C$12.00 to C$13.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Desjardins increased their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Jefferies Financial Group increased their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets increased their target price on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Finally, CIBC increased their target price on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AGF Management currently has an average rating of “Moderate Buy” and a consensus target price of C$12.46.

AGF Management Stock Up 1.3 %

AGF.B stock opened at C$11.38 on Thursday. The stock has a market capitalization of C$726.73 million, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management has a 12 month low of C$7.27 and a 12 month high of C$11.53. The firm has a 50-day moving average price of C$10.83 and a 200-day moving average price of C$9.72.

Insider Buying and Selling at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. In the last 90 days, insiders sold 545,085 shares of company stock valued at $6,071,247. 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.