Desjardins Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price target raised by Desjardins from C$12.50 to C$13.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently commented on AGF.B. Jefferies Financial Group boosted their price target 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. TD Securities boosted their target price on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets raised their price target on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. CIBC upped their price objective on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Scotiabank raised their target price on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.18.

AGF Management Stock Performance

Shares of AGF.B opened at C$10.38 on Thursday. The stock has a 50-day simple moving average of C$10.83 and a 200-day simple moving average of C$9.52. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. AGF Management has a 1 year low of C$7.27 and a 1 year high of C$11.53. The stock has a market capitalization of C$662.87 million, a PE ratio of 8.11, a PEG ratio of 1.18 and a beta of 1.73.

Insider Activity

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. In the last three months, insiders sold 545,085 shares of company stock valued at $6,071,247. Insiders own 18.70% of the company’s stock.

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.