AGF Management Limited (TSE:AGF.B) Receives C$12.46 Consensus Price Target from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$12.46.

A number of equities research analysts have issued reports on the company. Desjardins raised their target price on 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. BMO Capital Markets raised their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Jefferies Financial Group lifted 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, January 8th. Finally, TD Securities lifted their target price 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 other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,000 shares of AGF Management stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of C$11.06 per share, with a total value of C$232,260.00. Over the last ninety days, insiders have acquired 89,700 shares of company stock worth $1,033,992. Company insiders own 18.70% of the company’s stock.

AGF Management Stock Down 6.1 %

Shares of AGF Management stock opened at C$11.18 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a fifty-two week low of C$7.37 and a fifty-two week high of C$11.95. The business has a 50-day moving average price of C$10.92 and a 200 day moving average price of C$10.19. The firm has a market cap of C$713.95 million, a P/E ratio of 8.73, a P/E/G 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.