Scotiabank Issues Pessimistic Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price objective lowered by Scotiabank from C$12.00 to C$11.50 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

AGF.B has been the subject of several other research reports. Desjardins reduced their price objective on shares of AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research report on Wednesday. TD Securities reduced their price target on shares of AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lifted their target price on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$12.63.

AGF Management Price Performance

AGF.B stock opened at C$9.30 on Wednesday. The stock 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. AGF Management has a fifty-two week low of C$7.37 and a fifty-two 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 business has a 50 day moving average price of C$10.42 and a 200 day moving average price of C$10.58.

Insider Buying and Selling

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of C$11.57 per share, for a total transaction of C$244,127.00. Insiders acquired a total of 89,700 shares of company stock worth $1,033,992 in the last 90 days. Company 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.