AGF Management (TSE:AGF.B) Price Target Raised to C$12.50

AGF Management (TSE:AGF.B) had its target price hoisted by Desjardins from C$12.00 to C$12.50 in a report released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets lifted their price target on AGF Management from C$9.00 to C$10.00 and gave the company a market perform rating in a research note on Monday, September 23rd. Scotiabank upped their price objective on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$11.25.

AGF Management Trading Up 1.4 %

TSE AGF.B opened at C$8.96 on Thursday. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05. The company has a fifty day simple moving average of C$8.06 and a two-hundred day simple moving average of C$8.20. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60. The stock has a market cap of C$576.04 million, a P/E ratio of 6.79, a P/E/G ratio of 1.18 and a beta of 1.71.

Insider Buying and Selling at AGF Management

In other AGF Management news, Director Cybele Negris bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average cost of C$8.15 per share, with a total value of C$48,900.00. In other news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the stock in a transaction on Friday, August 2nd. The stock was bought at an average price of C$7.99 per share, for a total transaction of C$99,833.75. Also, Director Cybele Negris bought 6,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of C$8.15 per share, with a total value of C$48,900.00. Insiders bought a total of 52,885 shares of company stock valued at $421,964 in the last three months. 18.74% of the stock is owned by corporate insiders.

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.