Brokerages Set AGF Management Limited (TSE:AGF.B) PT at C$10.79

Shares of AGF Management Limited (TSE:AGF.B) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$10.96.

Several equities analysts have recently commented on the company. Desjardins boosted their price objective on AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada raised their target price on shares of AGF Management from C$9.00 to C$10.00 in a research note on Friday, April 5th. Scotiabank boosted their price target on shares of AGF Management from C$10.50 to C$10.75 and gave the stock a “sector perform” rating in a research note on Thursday, June 20th. Jefferies Financial Group raised their price objective on AGF Management from C$10.00 to C$11.00 in a research report on Sunday, April 7th. Finally, CIBC increased their price target on AGF Management from C$11.00 to C$14.00 in a research note on Friday, April 5th.

AGF Management Price Performance

AGF.B opened at C$7.97 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.75 and a debt-to-equity ratio of 11.08. The company has a market cap of C$515.10 million, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.78. The stock has a fifty day simple moving average of C$8.29 and a two-hundred day simple moving average of C$8.04. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05.

Insider Activity at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 124,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of C$8.46 per share, for a total transaction of C$1,053,270.00. Insiders purchased 148,560 shares of company stock worth $1,249,629 in the last 90 days. 18.65% of the stock is currently owned by company insiders.

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.