Desjardins Boosts AGF Management (TSE:AGF.B) Price Target to C$12.00

AGF Management (TSE:AGF.B) had its price target raised by Desjardins from C$11.50 to C$12.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of AGF Management from C$8.50 to C$9.00 in a report on Friday, April 5th. CIBC boosted their target price on shares of AGF Management from C$11.00 to C$14.00 in a report on Friday, April 5th. Jefferies Financial Group boosted their target price on shares of AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Royal Bank of Canada boosted their target price on shares of AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. Finally, Scotiabank boosted their target price on shares of AGF Management from C$10.50 to C$10.75 and gave the stock a sector perform rating in a report on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AGF Management presently has an average rating of Moderate Buy and a consensus target price of C$10.96.

AGF Management Stock Performance

Shares of TSE AGF.B opened at C$8.27 on Monday. The firm’s fifty day moving average is C$8.30 and its two-hundred day moving average is C$8.04. AGF Management has a 52-week low of C$6.30 and a 52-week high of C$9.05. The company has a debt-to-equity ratio of 11.08, a quick ratio of 1.75 and a current ratio of 1.73. The company has a market cap of C$534.49 million, a P/E ratio of 5.51, a P/E/G ratio of 1.18 and a beta of 1.78.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 124,500 shares of AGF Management stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of C$8.46 per share, for a total transaction of C$1,053,270.00. In the last quarter, insiders acquired 148,560 shares of company stock valued at $1,249,629. Company insiders own 18.65% 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.