Desjardins Raises AGF Management (TSE:AGF.B) Price Target to C$15.00

AGF Management (TSE:AGF.B) had its price target upped by Desjardins from C$14.00 to C$15.00 in a research report report published on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

AGF.B has been the topic of several other reports. Scotiabank raised their target price on AGF Management from C$11.50 to C$14.00 and gave the stock a “sector perform” rating in a research note on Monday. TD Securities lifted their price objective on AGF Management from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday, June 19th. Finally, Jefferies Financial Group cut their price objective on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$13.83.

AGF Management Stock Up 4.7%

TSE AGF.B opened at C$13.40 on Thursday. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock has a market capitalization of C$855.72 million, a PE ratio of 10.47, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$13.45. The business’s 50-day moving average is C$11.37 and its 200 day moving average is C$10.81.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of C$9.80, for a total value of C$240,609.60. Also, Senior Officer Kevin Andrew Mccreadie sold 21,600 shares of the business’s stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$11.30, for a total transaction of C$244,080.00. In the last ninety days, insiders have purchased 93,440 shares of company stock valued at $1,136,048 and have sold 114,552 shares valued at $1,260,920. Insiders own 18.70% of the company’s stock.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.