AGF Management (TSE:AGF.B) Price Target Increased to C$11.25 by Analysts at Scotiabank

AGF Management (TSE:AGF.B) had its price objective upped by equities researchers at Scotiabank from C$10.75 to C$11.25 in a report released on Wednesday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 33.29% from the stock’s previous close.

Separately, Desjardins set a C$12.00 target price on AGF Management and gave the stock a “buy” rating in a research report on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AGF Management presently has an average rating of “Moderate Buy” and an average price target of C$11.04.

AGF Management Stock Performance

Shares of AGF Management stock traded up C$0.22 on Wednesday, hitting C$8.44. The stock had a trading volume of 53,478 shares, compared to its average volume of 63,132. The stock has a market cap of C$542.61 million, a price-to-earnings ratio of 6.39, a P/E/G ratio of 1.18 and a beta of 1.71. AGF Management has a 52-week low of C$6.30 and a 52-week high of C$9.05. The company’s 50 day moving average price is C$8.02 and its 200 day moving average price is C$8.18. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60.

Insider Buying and Selling at AGF Management

In other AGF Management news, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of C$7.99 per share, with a total value of C$99,833.75. In related news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the firm’s stock in a transaction on 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. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average price of C$7.97 per share, with a total value of C$128,317.00. Over the last 90 days, insiders bought 52,885 shares of company stock valued at $421,964. Company insiders own 18.69% 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.