AGF Management (TSE:AGF.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

AGF Management (TSE:AGF.B) had its price target increased by BMO Capital Markets from C$10.00 to C$11.00 in a research note released on Wednesday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on AGF.B. Scotiabank boosted their price target on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. TD Securities raised their price target on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. CIBC boosted 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. Jefferies Financial Group boosted their price target on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Desjardins raised their price objective on AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$12.11.

AGF Management Stock Down 0.8 %

Shares of TSE:AGF.B opened at C$10.42 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The firm has a 50 day simple moving average of C$10.87 and a 200-day simple moving average of C$9.45. The company has a market capitalization of C$665.42 million, a PE ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$7.27 and a twelve month high of C$11.53.

Insiders Place Their Bets

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$11.21, for a total value of C$512,678.14. Insiders have sold 102,334 shares of company stock valued at $1,125,718 over the last three months. 18.70% of the stock is currently owned by insiders.

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.