Desjardins Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its price objective hoisted by research analysts at Desjardins from C$12.50 to C$13.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 21.72% from the stock’s current price.

AGF.B has been the topic of a number of other reports. BMO Capital Markets increased their target price on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. CIBC lifted 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. TD Securities boosted their target price on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group raised their price target on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Scotiabank boosted their price objective on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.18.

AGF Management Stock Performance

Shares of AGF.B opened at C$10.68 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a 52-week low of C$7.27 and a 52-week high of C$11.53. The stock has a 50 day moving average price of C$10.81 and a 200 day moving average price of C$9.53. The company has a market capitalization of C$682.02 million, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insiders Place Their Bets

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 shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of AGF Management stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction 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 company 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.