Analysts Set AGF Management Limited (TSE:AGF.B) Target Price at C$11.82

AGF Management Limited (TSE:AGF.B) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$11.82.

A number of brokerages recently weighed in on AGF.B. Desjardins lifted their target price on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. Scotiabank lifted their price objective on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. TD Securities boosted their target price on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. CIBC raised their price target on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets boosted their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a research note on Monday, September 23rd.

Insider Buying and Selling at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of AGF Management stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of AGF Management stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of C$7.97 per share, for a total transaction of C$128,317.00. Insiders have sold 89,440 shares of company stock worth $956,218 in the last ninety days. 18.70% of the stock is owned by insiders.

AGF Management Stock Down 1.3 %

AGF.B opened at C$10.74 on Thursday. AGF Management has a 12 month low of C$7.18 and a 12 month high of C$11.53. The business has a 50-day moving average of C$10.17 and a two-hundred day moving average of C$8.89. 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$685.86 million, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

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.