AGF Management Limited (TSE:AGF.B) Receives Average Rating of “Moderate Buy” from Analysts

AGF Management Limited (TSE:AGF.B) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$12.46.

A number of analysts have recently commented on the company. Desjardins lowered their price target on AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Scotiabank lowered their price target on AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group decreased their price objective on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Finally, TD Securities decreased their price objective on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,200 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of C$11.56 per share, with a total value of C$268,192.00. Also, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$11.85, for a total value of C$41,475.00. In the last ninety days, insiders purchased 68,700 shares of company stock worth $801,732 and sold 88,052 shares worth $961,285. 18.70% of the stock is currently owned by corporate insiders.

AGF Management Stock Performance

AGF.B opened at C$11.37 on Thursday. The firm has a market capitalization of C$726.09 million, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The stock’s 50 day moving average price is C$10.07 and its two-hundred day moving average price is C$10.61. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a 12-month low of C$7.37 and a 12-month high of C$11.95.

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.