Desjardins Lowers AGF Management (TSE:AGF.B) Price Target to C$12.25

AGF Management (TSE:AGF.B) had its price objective reduced by Desjardins from C$13.50 to C$12.25 in a research note published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. TD Securities reduced their price objective on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets increased their price target on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group lifted their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$12.63.

AGF Management Price Performance

TSE AGF.B opened at C$9.30 on Wednesday. The stock’s fifty day moving average price is C$10.42 and its 200 day moving average price is C$10.58. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$11.95. 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$593.90 million, a price-to-earnings ratio of 7.27, a PEG ratio of 1.18 and a beta of 1.73.

Insider Activity at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$11.06 per share, for a total transaction of C$232,260.00. Over the last ninety days, insiders purchased 89,700 shares of company stock worth $1,033,992. 18.70% of the stock is owned by corporate insiders.

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.