AGF Management Limited (TSE:AGF.B) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AGF Management Limited (TSE:AGF.B) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$12.54.

Several brokerages have commented on AGF.B. BMO Capital Markets raised their target price on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Jefferies Financial Group boosted their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. TD Securities increased their target price on AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Desjardins upped their price objective on AGF Management from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, March 27th.

AGF Management Trading Up 1.4 %

AGF.B opened at C$10.27 on Wednesday. AGF Management has a twelve month low of C$7.37 and a twelve month high of C$11.95. The firm has a market cap of C$655.84 million, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. 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 firm’s fifty day moving average is C$10.76 and its two-hundred day moving average is C$10.53.

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,100 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of C$11.57 per share, with a total value of C$244,127.00. Insiders acquired 89,700 shares of company stock valued at $1,033,992 in the last quarter. 18.70% of the stock is currently owned by 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.