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

AGF Management Limited (TSE:AGF.B) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.46.

A number of analysts have commented on the stock. BMO Capital Markets increased their price target on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Jefferies Financial Group raised their target price on shares of 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. Desjardins raised their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, TD Securities raised their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s 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. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of AGF Management 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. In the last 90 days, insiders sold 513,485 shares of company stock worth $5,734,707. Insiders own 18.70% of the company’s stock.

AGF Management Stock Down 2.0 %

Shares of AGF.B stock opened at C$11.06 on Tuesday. The firm has a fifty day moving average of C$10.84 and a 200-day moving average of C$9.76. 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 12-month low of C$7.27 and a 12-month high of C$11.53. The company has a market capitalization of C$706.29 million, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.18 and a beta of 1.73.

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.