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

AGF Management (TSE:AGF.B) had its price objective increased by investment analysts at BMO Capital Markets from C$10.00 to C$11.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 6.08% from the company’s current price.

A number of other research firms have also recently issued reports on AGF.B. TD Securities boosted their price objective on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report 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 company a “buy” rating in a report on Wednesday. CIBC raised their price objective on shares of 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 raised their price target on shares of 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. Finally, Scotiabank raised their target price on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.11.

AGF Management Stock Performance

AGF.B traded down C$0.02 on Wednesday, hitting C$10.37. 25,130 shares of the stock traded hands, compared to its average volume of 39,331. The business has a fifty day moving average price of C$10.87 and a two-hundred day moving average price of C$9.44. 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 market capitalization of C$662.23 million, a PE ratio of 8.10, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 52 week low of C$7.27 and a 52 week high of C$11.53.

Insider Buying and Selling at AGF Management

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$11.21, for a total value of C$512,678.14. In the last 90 days, insiders sold 102,334 shares of company stock worth $1,125,718. 18.70% of the stock is currently owned by corporate 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.