AGF Management Limited (TSE:AGF.B) Receives Consensus Rating of “Moderate Buy” from Analysts

AGF Management Limited (TSE:AGF.B) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$12.46.

A number of equities research analysts recently issued reports on the stock. 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 research report on Wednesday, January 8th. BMO Capital Markets upped their target price on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Desjardins increased their price target on shares of AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, TD Securities boosted their price objective on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,100 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of C$11.57 per share, with a total value of C$244,127.00. Insiders acquired a total of 89,700 shares of company stock worth $1,033,992 in the last quarter. 18.70% of the stock is owned by company insiders.

AGF Management Stock Performance

AGF.B opened at C$11.00 on Friday. The stock has a market cap of C$702.46 million, a PE ratio of 8.59, a P/E/G 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 1 year low of C$7.37 and a 1 year high of C$11.95. The stock’s 50 day simple moving average is C$10.92 and its 200-day simple moving average is C$10.22.

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.