AGF Management (TSE:AGF.B) Given New C$13.00 Price Target at TD Securities

AGF Management (TSE:AGF.B) had its price objective increased by TD Securities from C$12.00 to C$13.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on AGF.B. BMO Capital Markets boosted their price target on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. CIBC upped their target price on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group raised their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Desjardins increased their price objective on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, AGF Management presently has a consensus rating of “Moderate Buy” and an average price target of C$12.46.

AGF Management Trading Up 0.7 %

TSE AGF.B opened at C$10.75 on Monday. AGF Management has a 12 month low of C$7.27 and a 12 month high of C$11.53. The stock has a market capitalization of C$686.50 million, a P/E ratio of 8.40, a PEG ratio of 1.18 and a beta of 1.73. The firm’s 50-day moving average is C$10.81 and its two-hundred day moving average is C$9.56. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Transactions at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total value of C$336,540.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction dated 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 three months, insiders sold 545,085 shares of company stock valued at $6,071,247. Corporate insiders own 18.70% of the company’s stock.

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.