AGF Management Limited (TSE:AGF.B) Insider Sells C$4,945,528.67 in Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67.

AGF Management Stock Down 3.4 %

AGF Management stock opened at C$10.16 on Friday. The firm has a market capitalization of C$648.82 million, a P/E ratio of 7.94, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a 50-day simple moving average of C$10.87 and a 200-day simple moving average of C$9.47. AGF Management Limited has a one year low of C$7.27 and a one year high of C$11.53. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

Analyst Ratings Changes

A number of research analysts have commented on the company. CIBC increased their target price on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank raised their price objective on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Jefferies Financial Group boosted their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday. Desjardins raised their price target 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, TD Securities increased their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.11.

AGF Management Company Profile

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.