Scotiabank Analysts Give AGF Management (TSE:AGF.B) a C$10.75 Price Target

Scotiabank set a C$10.75 price objective on AGF Management (TSE:AGF.B) in a report published on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on AGF.B. Desjardins upped their target price on AGF Management from C$11.50 to C$12.00 and gave the company a buy rating in a research note on Monday, June 24th. Royal Bank of Canada raised their target price on AGF Management from C$9.00 to C$10.00 in a research note on Friday, April 5th. BMO Capital Markets raised their target price on AGF Management from C$8.50 to C$9.00 in a research note on Friday, April 5th. CIBC raised their target price on AGF Management from C$11.00 to C$14.00 in a research note on Friday, April 5th. Finally, Jefferies Financial Group raised their target price on AGF Management from C$10.00 to C$11.00 in a research note on Sunday, April 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$10.96.

AGF Management Stock Performance

AGF.B opened at C$8.45 on Thursday. AGF Management has a 1-year low of C$6.30 and a 1-year high of C$9.05. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.73 and a quick ratio of 1.75. The stock’s 50 day simple moving average is C$8.31 and its 200 day simple moving average is C$8.06. The stock has a market cap of C$546.12 million, a P/E ratio of 5.63, a P/E/G ratio of 1.18 and a beta of 1.78.

Insider Activity

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 124,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of C$8.46 per share, for a total transaction of C$1,053,270.00. Over the last 90 days, insiders have acquired 147,160 shares of company stock valued at $1,238,023. Insiders own 18.65% 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.