AGF Management (TSE:AGF.B) Given New C$14.00 Price Target at Desjardins

AGF Management (TSE:AGF.B) had its price target upped by analysts at Desjardins from C$12.50 to C$14.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 15.89% from the company’s current price.

Other equities analysts have also issued research reports about the company. Scotiabank lowered their price objective on AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 9th. Jefferies Financial Group decreased their target price on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Finally, 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 report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AGF Management currently has an average rating of “Moderate Buy” and an average price target of C$12.75.

AGF Management Stock Performance

Shares of AGF.B traded up C$0.05 during mid-day trading on Tuesday, reaching C$12.08. The company had a trading volume of 46,859 shares, compared to its average volume of 66,793. 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 52-week low of C$7.37 and a 52-week high of C$12.46. The stock has a 50 day moving average of C$10.83 and a two-hundred day moving average of C$10.72. The stock has a market capitalization of C$771.43 million, a P/E ratio of 9.44, a PEG ratio of 1.18 and a beta of 1.73.

Insider Activity at AGF Management

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$11.85, for a total transaction of C$41,475.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 42,700 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of C$12.09 per share, with a total value of C$516,243.00. In the last quarter, insiders acquired 93,440 shares of company stock valued at $1,136,048 and sold 114,552 shares valued at $1,260,920. Insiders own 18.70% of the company’s stock.

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.