AGF EMPLOYEE BENEFIT PLAN TRUST Purchases 50,000 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 50,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of C$8.08 per share, with a total value of C$404,000.00.

AGF EMPLOYEE BENEFIT PLAN TRUST also recently made the following trade(s):

• On Friday, March 1st, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 150,000 shares of AGF Management stock. The shares were purchased at an average price of C$8.17 per share, with a total value of C$1,225,500.00.
• On Tuesday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 20,000 shares of AGF Management stock. The shares were purchased at an average price of C$7.51 per share, with a total value of C$150,200.00.
• On Friday, February 16th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 65,000 shares of AGF Management stock. The stock was bought at an average price of C$7.62 per share, with a total value of C$495,300.00.
• On Friday, January 26th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 15,000 shares of AGF Management stock. The stock was bought at an average price of C$7.68 per share, with a total value of C$115,200.00.

AGF Management Stock Performance

Shares of TSE AGF.B opened at C$8.13 on Thursday. The firm’s 50-day moving average price is C$7.90 and its two-hundred day moving average price is C$7.48. AGF Management Limited has a 52-week low of C$6.30 and a 52-week high of C$8.36. The stock has a market capitalization of C$519.34 million, a P/E ratio of 6.25, a P/E/G ratio of 1.18 and a beta of 1.79. The company has a quick ratio of 1.75, a current ratio of 1.39 and a debt-to-equity ratio of 8.26.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGF.B. TD Securities increased their price target on AGF Management from C$9.50 to C$10.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. CIBC upgraded AGF Management from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$9.00 to C$11.00 in a research note on Wednesday, February 28th. Royal Bank of Canada raised their target price on AGF Management from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday, January 25th. Finally, Scotiabank increased their price target on shares of AGF Management from C$9.25 to C$9.50 and gave the stock a “sector perform” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$9.60.

AGF Management Company Profile

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.