AGF Management Limited (TSE:AGF.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$11.82.

Several equities analysts recently issued reports on AGF.B shares. BMO Capital Markets increased their target price on 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. CIBC lifted their price objective on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Desjardins lifted 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 note on Thursday, September 26th. Scotiabank increased their price objective on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, TD Securities lifted 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 report on Wednesday, October 2nd.

Insiders Place Their Bets

In related news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total value of C$336,540.00. Over the last 90 days, insiders have sold 135,174 shares of company stock valued at $1,468,896. 18.70% of the stock is currently owned by insiders.

AGF Management Price Performance

Shares of AGF.B opened at C$10.83 on Monday. The stock has a market cap of C$691.60 million, a PE ratio of 8.46, 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 firm has a 50-day simple moving average of C$10.82 and a two-hundred day simple moving average of C$9.16.

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.