AGF Management (TSE:AGF.B) Hits New 52-Week High After Analyst Upgrade

AGF Management Limited (TSE:AGF.B) hit a new 52-week high on Friday after Desjardins raised their price target on the stock from C$12.00 to C$12.50. Desjardins currently has a buy rating on the stock. AGF Management traded as high as C$9.00 and last traded at C$8.98, with a volume of 92937 shares trading hands. The stock had previously closed at C$8.84.

AGF.B has been the subject of a number of other research reports. Scotiabank boosted their price objective on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. BMO Capital Markets boosted their price objective on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$11.25.

Insider Transactions at AGF Management

In related news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of C$7.99 per share, for a total transaction of C$99,833.75. In other AGF Management news, Director Cybele Negris acquired 6,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of C$8.15 per share, for a total transaction of C$48,900.00. Also, Director Laura Lee Dottori-Attanasio acquired 12,500 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of C$7.99 per share, with a total value of C$99,833.75. Insiders purchased 52,885 shares of company stock worth $421,964 over the last 90 days. 18.74% of the stock is currently owned by insiders.

AGF Management Price Performance

The company has a 50-day simple moving average of C$8.06 and a 200-day simple moving average of C$8.20. The stock has a market cap of C$576.04 million, a PE ratio of 6.79, 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.

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.