AGF Management (TSE:AGF.B) Given New C$11.00 Price Target at BMO Capital Markets

AGF Management (TSE:AGF.B) had its target price hoisted by research analysts at BMO Capital Markets from C$10.00 to C$11.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 6.08% from the company’s current price.

Other research analysts also recently issued research reports about the company. TD Securities lifted 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 increased their price target 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. CIBC boosted their price objective on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Desjardins increased their target price on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Scotiabank lifted their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$12.11.

AGF Management Trading Down 0.2 %

TSE AGF.B traded down C$0.02 on Wednesday, hitting C$10.37. 25,130 shares of the stock were exchanged, compared to its average volume of 39,331. The company’s 50-day moving average price is C$10.87 and its two-hundred day moving average price is C$9.44. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The company has a market capitalization of C$662.23 million, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Activity

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$11.21, for a total transaction of C$512,678.14. In the last 90 days, insiders have sold 102,334 shares of company stock worth $1,125,718. 18.70% of the stock is owned by corporate 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.