BMO Capital Markets Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its price objective hoisted by stock analysts at BMO Capital Markets from C$10.00 to C$11.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 4.56% from the company’s current price.

Several other research analysts also recently commented on the stock. Scotiabank lifted their target price on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. CIBC increased their price objective on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. TD Securities boosted 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 research report on Wednesday, October 2nd. Desjardins increased their price target 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. Finally, Jefferies Financial Group boosted 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 report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AGF Management currently has an average rating of “Moderate Buy” and an average price target of C$12.11.

AGF Management Stock Up 1.0 %

Shares of AGF Management stock opened at C$10.52 on Wednesday. AGF Management has a 12-month low of C$7.27 and a 12-month high of C$11.53. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock has a 50 day moving average price of C$10.88 and a two-hundred day moving average price of C$9.46. The stock has a market capitalization of C$671.81 million, a P/E ratio of 8.22, a PEG ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling at AGF Management

In other 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 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 the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. Over the last ninety days, insiders have sold 545,085 shares of company stock valued at $6,071,247. 18.70% of the stock is currently owned by corporate insiders.

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.