AGF Management (TSE:AGF.B) Price Target Lowered to C$6.00 at BMO Capital Markets

AGF Management (TSE:AGF.B) had its target price decreased by BMO Capital Markets from C$6.50 to C$6.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 13.64% from the company’s previous close.

A number of other research firms have also recently commented on AGF.B. Ci Capital cut their target price on AGF Management from C$6.50 to C$6.00 in a research note on Thursday, March 28th. CIBC increased their price objective on AGF Management from C$6.00 to C$6.50 in a research note on Friday, March 22nd. Finally, Royal Bank of Canada dropped their price objective on AGF Management from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a research note on Wednesday.

Shares of AGF.B remained flat at $C$5.28 during mid-day trading on Thursday. The stock had a trading volume of 25,797 shares, compared to its average volume of 102,980. AGF Management has a 1 year low of C$5.82 and a 1 year high of C$8.47.

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 5,293 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$5.78, for a total value of C$30,593.54. Following the transaction, the insider now owns 392,092 shares of the company’s stock, valued at C$2,266,291.76.

AGF Management Company Profile

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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