Jefferies Financial Group Increases AGF Management (TSE:AGF.B) Price Target to C$12.00

AGF Management (TSE:AGF.B) had its price target raised by Jefferies Financial Group from C$11.00 to C$12.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 14.07% from the stock’s current price.

A number of other equities research analysts have also recently commented on AGF.B. CIBC increased their price target 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. Scotiabank upped their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins boosted their price objective on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Thursday, September 26th. TD Securities raised their target price on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets boosted their target price on shares of 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Stock Up 1.0 %

TSE:AGF.B opened at C$10.52 on Wednesday. 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 firm’s 50-day moving average price is C$10.88 and its 200-day moving average price is C$9.46. The company has a market capitalization of C$671.81 million, a PE ratio of 8.22, a P/E/G 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 Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the company’s stock in a transaction on 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. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of AGF Management stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total value of C$276,500.00. In the last ninety days, insiders sold 545,085 shares of company stock valued at $6,071,247. 18.70% of the stock is owned by insiders.

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.