AGF Management (TSE:AGF.B) Stock Price Expected to Rise, TD Securities Analyst Says

AGF Management (TSE:AGF.B) had its price objective increased by research analysts at TD Securities from C$12.00 to C$13.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 15.25% from the stock’s current price.

A number of other equities research analysts have also commented on AGF.B. Desjardins increased their price target on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. CIBC increased their target price on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price target on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upped their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.46.

AGF Management Price Performance

AGF.B stock opened at C$11.28 on Thursday. 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 company’s 50-day moving average is C$10.83 and its 200-day moving average is C$9.73. The stock has a market capitalization of C$720.34 million, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a 1 year low of C$7.27 and a 1 year high of C$11.53.

Insider Buying and Selling at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 31,600 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Insiders sold a total of 545,085 shares of company stock valued at $6,071,247 in the last three months. 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.