Jefferies Financial Group Raises AGF Management (TSE:AGF.B) Price Target to C$12.00

AGF Management (TSE:AGF.B) had its price target boosted by Jefferies Financial Group from C$11.00 to C$12.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 15.72% from the company’s previous close.

Other equities research analysts have also issued reports about the company. TD Securities lifted their price target 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. Desjardins upped their target price on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Scotiabank lifted their price target on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. BMO Capital Markets boosted 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 note on Monday, September 23rd. Finally, CIBC raised their target price on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGF Management presently has an average rating of “Moderate Buy” and an average price target of C$12.11.

AGF Management Trading Down 0.2 %

Shares of TSE:AGF.B traded down C$0.02 on Wednesday, hitting C$10.37. The company had a trading volume of 25,130 shares, compared to its average volume of 39,331. AGF Management has a 1 year low of C$7.27 and a 1 year high of C$11.53. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm’s 50-day simple moving average is C$10.87 and its two-hundred day simple moving average is C$9.44. The firm has a market capitalization of C$662.23 million, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In related news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. Insiders sold a total of 102,334 shares of company stock worth $1,125,718 in the last three months. 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.