AGF Management (TSE:AGF.B) Given New C$12.25 Price Target at Desjardins

AGF Management (TSE:AGF.B) had its price target reduced by research analysts at Desjardins from C$13.50 to C$12.25 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 30.32% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Jefferies Financial Group increased their price objective on AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, TD Securities reduced their target price on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$12.63.

AGF Management Stock Performance

Shares of AGF.B traded up C$0.19 during trading hours on Wednesday, hitting C$9.40. The company’s stock had a trading volume of 68,043 shares, compared to its average volume of 71,483. The company has a market cap of C$600.28 million, a price-to-earnings ratio of 7.34, a PEG ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The business has a 50 day simple moving average of C$10.55 and a two-hundred day simple moving average of C$10.59. AGF Management has a 52-week low of C$7.37 and a 52-week high of C$11.95.

Insider Activity at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of C$11.56 per share, for a total transaction of C$268,192.00. Over the last quarter, insiders acquired 89,700 shares of company stock valued at $1,033,992. Company 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.