AGF Management (TSE:AGF.B) Price Target Raised to C$13.00 at TD Securities

AGF Management (TSE:AGF.B) had its price objective raised by investment analysts at TD Securities from C$12.00 to C$13.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 21.27% from the stock’s current price.

AGF.B has been the topic of several other reports. Jefferies Financial Group raised 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 report on Wednesday, January 8th. BMO Capital Markets upped their price target on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Desjardins upped their target price on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC increased their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, AGF Management has an average rating of “Moderate Buy” and a consensus price target of C$12.46.

AGF Management Stock Up 0.4 %

AGF.B traded up C$0.04 on Monday, hitting C$10.72. 23,178 shares of the company were exchanged, compared to its average volume of 46,989. 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 stock’s fifty day moving average is C$10.81 and its 200-day moving average is C$9.54. The company has a market cap of C$684.58 million, a PE ratio of 8.38, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a 12 month low of C$7.27 and a 12 month high of C$11.53.

Insider Activity

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$10.65, for a total transaction of C$336,540.00. Over the last three months, insiders sold 545,085 shares of company stock worth $6,071,247. 18.70% of the stock is owned by corporate 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.