BMO Capital Markets Raises AGF Management (TSE:AGF.B) Price Target to C$10.00

AGF Management (TSE:AGF.B) had its target price boosted by BMO Capital Markets from C$9.00 to C$10.00 in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other research firms have also recently weighed in on AGF.B. Desjardins set a C$12.00 price objective on shares of AGF Management and gave the stock a buy rating in a research report on Friday, September 13th. Scotiabank raised their price target on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$11.25.

AGF Management Stock Up 6.5 %

TSE AGF.B opened at C$8.84 on Monday. AGF Management has a 12 month low of C$6.30 and a 12 month high of C$9.05. The company’s 50 day simple moving average is C$8.04 and its 200 day simple moving average is C$8.20. The company has a market capitalization of C$568.32 million, a P/E ratio of 6.70, a PEG ratio of 1.18 and a beta of 1.71. The company has a debt-to-equity ratio of 14.60, a current ratio of 1.58 and a quick ratio of 1.75.

Insider Transactions at AGF Management

In other news, Director Laura Lee Dottori-Attanasio purchased 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, with a total value of C$99,833.75. In other AGF Management news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of C$7.99 per share, with a total value of C$99,833.75. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 16,100 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of C$7.97 per share, with a total value of C$128,317.00. In the last quarter, insiders purchased 52,885 shares of company stock worth $421,964. 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.