Analysts Set AGF Management Limited (TSE:AGF.B) Target Price at C$12.11

Shares of AGF Management Limited (TSE:AGF.B) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.11.

A number of research firms have recently commented on AGF.B. TD Securities increased their target price on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised 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. Desjardins upped their target price 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. Scotiabank increased their price target on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Finally, BMO Capital Markets boosted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th.

Insider Activity at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total value of C$276,500.00. Insiders have sold a total of 545,085 shares of company stock worth $6,071,247 over the last quarter. Company insiders own 18.70% of the company’s stock.

AGF Management Price Performance

Shares of TSE AGF.B opened at C$10.03 on Friday. The company has a 50 day simple moving average of C$10.86 and a two-hundred day simple moving average of C$9.48. The company has a market capitalization of C$640.52 million, a price-to-earnings ratio of 7.84, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a fifty-two week low of C$7.27 and a fifty-two week high of C$11.53. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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.