AGF Management (TSE:AGF.B) Given New C$13.00 Price Target at Desjardins

AGF Management (TSE:AGF.B) had its price objective raised by Desjardins from C$12.50 to C$13.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 24.52% from the company’s previous close.

A number of other brokerages have also issued reports on AGF.B. TD Securities upped their target price on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group lifted their target price on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets boosted their price target on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Scotiabank increased their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Finally, CIBC lifted 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$12.18.

AGF Management Price Performance

Shares of AGF Management stock traded up C$0.23 during trading on Thursday, hitting C$10.44. 39,565 shares of the company’s stock traded hands, compared to its average volume of 41,053. 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 company has a market cap of C$666.70 million, a PE ratio of 8.16, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$7.27 and a twelve month high of C$11.53. The firm’s fifty day moving average price is C$10.84 and its 200 day moving average price is C$9.51.

Insider Activity at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of AGF Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67. Over the last three months, insiders have sold 545,085 shares of company stock worth $6,071,247. Corporate insiders own 18.70% of the company’s stock.

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.