AGF Management (TSE:AGF.B) Hits New 1-Year High – Should You Buy?

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$10.75 and last traded at C$10.68, with a volume of 123288 shares trading hands. The stock had previously closed at C$10.44.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Securities increased their price objective 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. CIBC lifted their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank upped their price objective on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Desjardins lifted their price objective 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. Finally, BMO Capital Markets raised their target price 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AGF Management has a consensus rating of “Moderate Buy” and a consensus target price of C$11.82.

AGF Management Stock Up 1.3 %

The business has a fifty day moving average price of C$8.44 and a two-hundred day moving average price of C$8.34. 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 firm has a market capitalization of C$689.69 million, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In related news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total transaction of C$343,178.00. In related news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total value of C$343,178.00. Also, Director Cybele Negris acquired 5,121 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of C$7.86 per share, for a total transaction of C$40,246.45. Insiders have purchased a total of 51,585 shares of company stock valued at $411,226 over the last ninety 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.