Scotiabank Raises AGF Management (TSE:AGF.B) Price Target to C$11.25

AGF Management (TSE:AGF.B) had its target price lifted by research analysts at Scotiabank from C$10.75 to C$11.25 in a report issued on Wednesday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 31.73% from the company’s previous close.

Separately, Desjardins set a C$12.00 price objective on shares of AGF Management and gave the stock a “buy” rating in a report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$11.04.

AGF Management Price Performance

TSE AGF.B opened at C$8.54 on Wednesday. The company has a 50 day moving average price of C$8.02 and a two-hundred day moving average price of C$8.18. AGF Management has a 12-month low of C$6.30 and a 12-month high of C$9.05. The stock has a market capitalization of C$549.04 million, a PE ratio of 6.47, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71. The company has a quick ratio of 1.75, a current ratio of 1.58 and a debt-to-equity ratio of 14.60.

Insider Buying and Selling at AGF Management

In other news, Director Cybele Negris bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of C$8.15 per share, for a total transaction of C$48,900.00. In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of C$7.97 per share, with a total value of C$128,317.00. Also, Director Cybele Negris acquired 6,000 shares of AGF Management stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average cost of C$8.15 per share, with a total value of C$48,900.00. Insiders have purchased a total of 52,885 shares of company stock worth $421,964 over the last 90 days. Insiders own 18.69% 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.