AGF Management (TSE:AGF.B) Reaches New 12-Month High – Still a Buy?

Shares of AGF Management Limited (TSE:AGF.B) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$11.95 and last traded at C$11.18, with a volume of 152062 shares. The stock had previously closed at C$11.91.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group increased 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 note on Wednesday, January 8th. Desjardins increased their price target on shares of 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 increased 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 note on Thursday, January 30th. Finally, BMO Capital Markets increased their price target on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AGF Management has an average rating of “Moderate Buy” and an average target price of C$12.46.

AGF Management Stock Up 1.3 %

The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a market capitalization of C$702.46 million, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm’s 50-day simple moving average is C$10.92 and its 200-day simple moving average is C$10.22.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of C$11.57 per share, with a total value of C$244,127.00. In the last three months, insiders acquired 89,700 shares of company stock valued at $1,033,992. Company 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.