Desjardins Raises AGF Management (TSE:AGF.B) Price Target to C$13.50

AGF Management (TSE:AGF.B) had its target price upped by stock analysts at Desjardins from C$13.00 to C$13.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 35.41% from the stock’s previous close.

A number of other research firms have also weighed in on AGF.B. Jefferies Financial Group increased their price target on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. TD Securities raised their target price on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets upped their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.54.

AGF Management Price Performance

TSE:AGF.B opened at C$9.97 on Thursday. AGF Management has a 52-week low of C$7.37 and a 52-week high of C$11.95. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a market cap of C$636.68 million, a P/E ratio of 7.79, a PEG ratio of 1.18 and a beta of 1.73. The business’s 50-day moving average price is C$10.79 and its 200 day moving average price is C$10.48.

Insider Activity

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of C$11.57 per share, for a total transaction of C$244,127.00. In the last quarter, insiders have purchased 89,700 shares of company stock valued at $1,033,992. 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.