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

AGF Management (TSE:AGF.B) had its price objective boosted by BMO Capital Markets from C$10.00 to C$11.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

AGF.B has been the topic of a number of other research reports. 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. CIBC increased 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. TD Securities boosted their price target on 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. Desjardins boosted their price objective on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Jefferies Financial Group raised their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Stock Down 0.8 %

Shares of AGF.B opened at C$10.42 on Wednesday. The firm has a market cap of C$665.42 million, a P/E ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 1.73. 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 1 year low of C$7.27 and a 1 year high of C$11.53. The stock has a 50 day simple moving average of C$10.87 and a two-hundred day simple moving average of C$9.45.

Insider Activity

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$11.21, for a total value of C$512,678.14. Insiders have sold 102,334 shares of company stock worth $1,125,718 in the last ninety days. Company insiders own 18.70% of the company’s stock.

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.