AGF Management Limited (TSE:AGF.B) Receives Consensus Rating of “Moderate Buy” from Analysts

AGF Management Limited (TSE:AGF.B) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$11.82.

A number of equities analysts have issued reports on AGF.B shares. CIBC increased their target price on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Desjardins increased their price objective on AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Thursday, September 26th. TD Securities boosted their target price on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank upped their price target on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, BMO Capital Markets lifted their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a report on Monday, September 23rd.

Insiders Place Their Bets

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total transaction of C$343,178.00. In other AGF Management news, Director Cybele Negris acquired 3,700 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of C$7.96 per share, with a total value of C$29,433.50. Also, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of AGF Management stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Insiders have purchased 33,085 shares of company stock valued at $262,493 in the last 90 days. 18.70% of the stock is currently owned by insiders.

AGF Management Stock Up 2.1 %

Shares of AGF.B stock opened at C$10.64 on Friday. AGF Management has a 12-month low of C$6.55 and a 12-month high of C$11.11. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a fifty day moving average of C$9.24 and a 200-day moving average of C$8.57. The company has a market capitalization of C$679.47 million, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.18 and a beta of 1.73.

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.