AGF Management (TSE:AGF.B) Given New C$12.50 Price Target at Desjardins

AGF Management (TSE:AGF.B) had its price target lifted by Desjardins from C$12.00 to C$12.50 in a report released on Thursday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a market perform rating in a research report on Monday, September 23rd. Scotiabank increased their price target on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$11.25.

AGF Management Price Performance

AGF Management stock opened at C$8.96 on Thursday. The company has a debt-to-equity ratio of 14.60, a current ratio of 1.58 and a quick ratio of 1.75. The business has a 50 day simple moving average of C$8.06 and a 200-day simple moving average of C$8.20. AGF Management has a 12 month low of C$6.30 and a 12 month high of C$9.05. The stock has a market capitalization of C$576.04 million, a PE ratio of 6.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.71.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,100 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of C$7.97 per share, for a total transaction of C$128,317.00. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 16,100 shares of AGF Management stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of C$7.97 per share, with a total value of C$128,317.00. Also, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of C$7.99 per share, for a total transaction of C$99,833.75. Insiders have purchased a total of 52,885 shares of company stock valued at $421,964 in the last ninety days. 18.74% of the stock is currently owned by company 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.