AGF Management Limited (TSE:AGF.B) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of AGF Management Limited (TSE:AGF.B) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$12.11.

A number of research firms have recently issued reports on AGF.B. BMO Capital Markets increased their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday. CIBC upped their target price on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank boosted their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins raised 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 research note on Thursday, September 26th. Finally, 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.

Insiders Place Their Bets

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total value of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. In the last 90 days, insiders sold 545,085 shares of company stock worth $6,071,247. 18.70% of the stock is currently owned by company insiders.

AGF Management Trading Up 1.0 %

Shares of TSE AGF.B opened at C$10.52 on Friday. The stock has a market cap of C$671.81 million, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm has a 50 day moving average price of C$10.88 and a two-hundred day moving average price of C$9.46. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53.

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.