AGF Management (TSE:AGF.B) Hits New 52-Week High After Analyst Upgrade

AGF Management Limited (TSE:AGF.B) shares hit a new 52-week high during mid-day trading on Friday after Desjardins raised their price target on the stock from C$12.00 to C$12.50. Desjardins currently has a buy rating on the stock. AGF Management traded as high as C$9.00 and last traded at C$8.98, with a volume of 92937 shares. The stock had previously closed at C$8.84.

Other research analysts have also issued research reports about the company. Scotiabank lifted their price target on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. BMO Capital Markets lifted their price target on AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$11.25.

Insider Buying and Selling at AGF Management

In other news, Director Cybele Negris bought 6,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average cost of C$8.15 per share, with a total value of C$48,900.00. In related news, Director Cybele Negris acquired 6,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average cost of C$8.15 per share, with a total value of C$48,900.00. Also, Director Laura Lee Dottori-Attanasio acquired 12,500 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of C$7.99 per share, with a total value of C$99,833.75. Insiders bought a total of 52,885 shares of company stock valued at $421,964 in the last three months. 18.74% of the stock is owned by corporate insiders.

AGF Management Price Performance

The stock has a fifty day moving average of C$8.06 and a 200-day moving average of C$8.20. The company has a quick ratio of 1.75, a current ratio of 1.58 and a debt-to-equity ratio of 14.60. The stock has a market capitalization of C$576.04 million, a price-to-earnings ratio of 6.79, a P/E/G ratio of 1.18 and a beta of 1.71.

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.