AGF Management Limited (TSE:AGF.B) Given Average Recommendation of “Moderate Buy” by Brokerages

AGF Management Limited (TSE:AGF.B) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$11.25.

AGF.B has been the subject of a number of research reports. Desjardins increased their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Scotiabank increased their target price on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, BMO Capital Markets raised their target price on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research note on Monday, September 23rd.

Insider Activity

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of C$7.97 per share, with a total value of C$128,317.00. In related news, Director Cybele Negris acquired 3,700 shares of AGF Management stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of C$7.96 per share, for a total transaction of C$29,433.50. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of C$7.97 per share, for a total transaction of C$128,317.00. Insiders have bought 52,885 shares of company stock valued at $421,964 in the last ninety days. 18.74% of the stock is currently owned by company insiders.

AGF Management Stock Performance

The stock has a market cap of C$604.33 million, a PE ratio of 7.12, a P/E/G ratio of 1.18 and a beta of 1.71. AGF Management has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.41. The stock has a fifty day simple moving average of C$8.10 and a 200 day simple moving average of C$8.22. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60.

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.