Brokerages Set AGF Management Limited (TSE:AGF.B) Target Price at C$12.46

Shares of AGF Management Limited (TSE:AGF.B) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment 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 brokerages that have issued ratings on the stock in the last year is C$12.54.

A number of brokerages have weighed in on AGF.B. Jefferies Financial Group upped their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets lifted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Desjardins upped their target price on AGF Management from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD Securities upped their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 30th.

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 23,200 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of C$11.56 per share, with a total value of C$268,192.00. Insiders acquired 89,700 shares of company stock valued at $1,033,992 in the last quarter. Company insiders own 18.70% of the company’s stock.

AGF Management Price Performance

TSE AGF.B opened at C$9.97 on Wednesday. The company has a 50-day moving average price of C$10.79 and a two-hundred day moving average price of C$10.48. AGF Management has a 52 week low of C$7.37 and a 52 week high of C$11.95. The stock has a market cap of C$636.68 million, a price-to-earnings ratio of 7.79, 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.

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.