AGF Management Limited (TSE:AGF.B) Insider AGF EMPLOYEE BENEFIT PLAN TRUST Sells 24,552 Shares

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of C$9.80, for a total value of C$240,609.60.

AGF EMPLOYEE BENEFIT PLAN TRUST also recently made the following trade(s):

• On Monday, March 3rd, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 1,900 shares of AGF Management stock. The shares were bought at an average price of C$11.52 per share, for a total transaction of C$21,888.00.
• On Thursday, February 27th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 22,500 shares of AGF Management stock. The stock was bought at an average cost of C$11.89 per share, with a total value of C$267,525.00.
• On Tuesday, February 25th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 23,200 shares of AGF Management stock. The stock was purchased at an average cost of C$11.56 per share, for a total transaction of C$268,192.00.
• On Thursday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of AGF Management stock. The shares were purchased at an average cost of C$11.57 per share, with a total value of C$244,127.00.
• On Tuesday, February 18th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of AGF Management stock. The stock was acquired at an average price of C$11.06 per share, for a total transaction of C$232,260.00.

AGF Management Stock Performance

Shares of AGF.B traded down C$0.30 during mid-day trading on Thursday, reaching C$9.36. The company’s stock had a trading volume of 56,720 shares, compared to its average volume of 72,006. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management Limited has a 1-year low of C$7.37 and a 1-year high of C$11.95. The business has a 50-day simple moving average of C$10.49 and a two-hundred day simple moving average of C$10.57. The stock has a market cap of C$597.73 million, a P/E ratio of 7.31, a PEG ratio of 1.18 and a beta of 1.73.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Scotiabank dropped their target price on AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a report on Wednesday. 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. TD Securities dropped their price objective on AGF Management from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Desjardins decreased their target price on shares of AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.63.

About AGF Management

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.