Insider Selling: AGF Management Limited (TSE:AGF.B) Insider Sells 442,751 Shares of Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the 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 transaction of C$4,945,528.67.

AGF Management Price Performance

AGF.B stock opened at C$10.16 on Friday. AGF Management Limited has a one year low of C$7.27 and a one year high of C$11.53. The firm has a 50-day moving average of C$10.87 and a two-hundred day moving average of C$9.47. The firm has a market capitalization of C$648.82 million, a PE ratio of 7.94, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AGF.B shares. Desjardins increased their price target on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. TD Securities raised 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. Jefferies Financial Group boosted their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday. Finally, Scotiabank boosted their target price on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$12.11.

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.