AGF Management (TSE:AGF.B) Price Target Increased to C$12.50 by Analysts at Desjardins

AGF Management (TSE:AGF.B) had its price objective raised by Desjardins from C$12.00 to C$12.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 39.51% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Scotiabank upped their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. BMO Capital Markets upped 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 research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$11.25.

AGF Management Stock Up 1.4 %

Shares of TSE:AGF.B opened at C$8.96 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60. The stock has a fifty day simple moving average of C$8.06 and a two-hundred day simple moving average of C$8.20. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05. The stock has a market capitalization of C$576.04 million, a price-to-earnings ratio of 6.79, a PEG ratio of 1.18 and a beta of 1.71.

Insider Buying and Selling at AGF Management

In related news, Director Cybele Negris purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of C$8.15 per share, with a total value of C$48,900.00. In other news, Director Cybele Negris purchased 6,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average cost of C$8.15 per share, with a total value of C$48,900.00. Also, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of C$7.99 per share, for a total transaction of C$99,833.75. In the last 90 days, insiders have purchased 52,885 shares of company stock worth $421,964. Company insiders own 18.74% 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.