AGF Management (TSE:AGF.B) Price Target Raised to C$13.00

AGF Management (TSE:AGF.B) had its price objective upped by TD Securities from C$12.00 to C$13.00 in a research report report published on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on AGF.B. CIBC boosted their price target on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets boosted their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Desjardins upped their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group upped their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and an average target price of C$12.46.

AGF Management Stock Up 2.6 %

AGF.B stock opened at C$11.20 on Monday. AGF Management has a one year low of C$7.27 and a one year high of C$11.53. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm’s 50 day moving average price is C$10.80 and its 200-day moving average price is C$9.59. The firm has a market cap of C$715.23 million, a PE ratio of 8.75, a PEG ratio of 1.18 and a beta of 1.73.

Insider Activity at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of AGF Management stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of AGF Management stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$11.06, for a total transaction of C$276,500.00. Insiders have sold a total of 545,085 shares of company stock worth $6,071,247 in the last ninety days. 18.70% of the stock is owned by 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.