Scotiabank Increases AGF Management (TSE:AGF.B) Price Target to C$11.25

AGF Management (TSE:AGF.B) had its target price increased by equities researchers at Scotiabank from C$10.75 to C$11.25 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 31.73% from the company’s previous close.

Separately, Desjardins set a C$12.00 price target on AGF Management and gave the company a “buy” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$11.04.

AGF Management Stock Up 1.4 %

Shares of AGF Management stock opened at C$8.54 on Wednesday. The stock has a market capitalization of C$549.04 million, a price-to-earnings ratio of 6.47, a PEG ratio of 1.18 and a beta of 1.71. AGF Management has a twelve month low of C$6.30 and a twelve month high of C$9.05. The company has a current ratio of 1.58, a quick ratio of 1.75 and a debt-to-equity ratio of 14.60. The business’s 50 day simple moving average is C$8.02 and its 200-day simple moving average is C$8.18.

Insider Buying and Selling

In other news, Director Cybele Negris acquired 5,121 shares of AGF Management stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of C$7.86 per share, with a total value of C$40,246.45. In other AGF Management news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of C$7.99 per share, for a total transaction of C$99,833.75. Also, Director Cybele Negris purchased 5,121 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of C$7.86 per share, for a total transaction of C$40,246.45. Insiders have purchased 52,885 shares of company stock worth $421,964 in the last three months. 18.69% 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.