AGF Management Limited (TSE:AGF.B) Receives C$12.46 Average PT from Brokerages

AGF Management Limited (TSE:AGF.B) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$12.46.

A number of analysts have recently weighed in on AGF.B shares. TD Securities boosted their target price on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Desjardins boosted their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. BMO Capital Markets boosted their target price on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group boosted their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th.

AGF Management Stock Performance

AGF Management stock opened at C$10.54 on Friday. The company’s 50-day moving average price is C$10.92 and its 200-day moving average price is C$10.26. AGF Management has a twelve month low of C$7.37 and a twelve month 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 company has a market cap of C$673.08 million, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 22,500 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of C$11.89 per share, with a total value of C$267,525.00. In the last ninety days, insiders bought 89,700 shares of company stock valued at $1,033,992. Company insiders own 18.70% of the company’s stock.

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.