Brokerages Set AGF Management Limited (TSE:AGF.B) Price Target at C$12.46

AGF Management Limited (TSE:AGF.B) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$12.46.

AGF.B has been the subject of a number of recent research reports. Desjardins upped their price objective on AGF Management from C$12.50 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. TD Securities upped their price target on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upped their target price 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, January 8th.

AGF Management Stock Performance

AGF Management stock opened at C$11.00 on Friday. The company has a market cap of C$702.46 million, a PE ratio of 8.59, a P/E/G ratio of 1.18 and a beta of 1.73. AGF Management has a 12 month low of C$7.37 and a 12 month high of C$11.95. The company has a fifty day moving average price of C$10.92 and a two-hundred day moving average price of C$10.22. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Transactions at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 22,500 shares of AGF Management stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of C$11.89 per share, with a total value of C$267,525.00. Insiders have bought a total of 89,700 shares of company stock valued at $1,033,992 over the last ninety days. Corporate insiders own 18.70% of the company’s stock.

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.