AGF Management Limited (TSE:AGF.B) Receives C$10.96 Consensus Price Target from Brokerages

Shares of AGF Management Limited (TSE:AGF.B) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$10.96.

Several analysts recently commented on the company. Desjardins upped their target price on AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Monday, June 24th. Scotiabank set a C$10.75 price objective on shares of AGF Management and gave the stock a “sector perform” rating in a research report on Thursday, June 27th.

Insider Buying and Selling

In related news, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of C$7.99 per share, for a total transaction of C$99,833.75. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 124,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average cost of C$8.46 per share, for a total transaction of C$1,053,270.00. Also, Director Laura Lee Dottori-Attanasio acquired 12,500 shares of AGF Management stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of C$7.99 per share, with a total value of C$99,833.75. Insiders have acquired 165,500 shares of company stock worth $1,385,751 in the last quarter. Insiders own 18.65% of the company’s stock.

AGF Management Trading Up 2.2 %

AGF.B opened at C$8.00 on Tuesday. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.73 and a quick ratio of 1.75. AGF Management has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.05. The company’s 50 day moving average price is C$8.23 and its two-hundred day moving average price is C$8.15. The firm has a market capitalization of C$517.04 million, a price-to-earnings ratio of 5.33, a PEG ratio of 1.18 and a beta of 1.78.

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.