AGF Management Limited (TSE:AGF.B) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AGF Management Limited (TSE:AGF.B) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$12.46.

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

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company’s stock in a transaction dated 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. Over the last ninety days, insiders bought 87,800 shares of company stock valued at $1,012,104. 18.70% of the stock is currently owned by corporate insiders.

AGF Management Price Performance

Shares of TSE AGF.B opened at C$11.91 on Friday. AGF Management has a twelve month low of C$7.37 and a twelve month high of C$11.95. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The company has a market capitalization of C$760.57 million, a price-to-earnings ratio of 9.30, a PEG ratio of 1.18 and a beta of 1.73. The firm has a 50-day moving average of C$10.91 and a two-hundred day moving average of C$10.15.

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.