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

Shares of AGF Management Limited (TSE:AGF.B) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$13.83.

AGF.B has been the subject of several analyst reports. Desjardins increased their price target on shares of AGF Management from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Jefferies Financial Group cut their price target on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Scotiabank increased their price target on shares of AGF Management from C$11.50 to C$14.00 and gave the stock a “sector perform” rating in a report on Monday, June 23rd. Finally, TD Securities lifted their price target on shares of AGF Management from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday, June 19th.

AGF Management Price Performance

Shares of AGF.B opened at C$12.83 on Friday. AGF Management has a fifty-two week low of C$7.37 and a fifty-two week high of C$13.60. The company has a market capitalization of C$819.32 million, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm has a 50-day simple moving average of C$11.99 and a 200-day simple moving average of C$10.96. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

Insider Buying and Selling

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of AGF Management stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of C$12.91, for a total value of C$79,370.68. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of AGF Management stock in a transaction on Monday, June 30th. The shares were sold at an average price of C$13.41, for a total transaction of C$832,761.00. In the last 90 days, insiders have purchased 93,440 shares of company stock worth $1,136,048 and have sold 176,733 shares worth $2,180,218. 18.70% of the stock is currently owned by company insiders.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.