AGF Management Limited (TSE:AGF.B) Senior Officer Kevin Andrew Mccreadie Sells 32,840 Shares

AGF Management Limited (TSE:AGF.B) Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the firm’s stock in a transaction 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.

AGF Management Price Performance

TSE AGF.B opened at C$10.66 on Friday. The business has a 50 day simple moving average of C$8.39 and a 200 day simple moving average of C$8.33. AGF Management Limited has a 52-week low of C$6.30 and a 52-week high of C$10.76. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The stock has a market cap of C$680.75 million, a price-to-earnings ratio of 8.33, a PEG ratio of 1.18 and a beta of 1.73.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGF.B. 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 report on Thursday, October 3rd. BMO Capital Markets increased 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 report on Monday, September 23rd. Desjardins upped their target price on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Thursday, September 26th. TD Securities increased their price target on shares of AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank increased their price target on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$11.82.

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.