BMO Capital Markets Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its target price boosted by BMO Capital Markets from C$12.00 to C$15.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other research firms have also commented on AGF.B. Desjardins lifted their price target on shares of AGF Management from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Monday. TD Securities boosted their target price on AGF Management from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday, June 19th. Finally, Scotiabank boosted their target price on AGF Management from C$11.50 to C$14.00 and gave the company a “sector perform” rating in a research report on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, AGF Management presently has an average rating of “Moderate Buy” and an average price target of C$14.92.

AGF Management Stock Up 2.8%

AGF.B stock opened at C$14.30 on Tuesday. The firm has a market cap of C$920.33 million, a PE ratio of 9.23, a PEG ratio of 1.18 and a beta of 1.28. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm’s 50 day moving average price is C$12.49 and its 200-day moving average price is C$11.50. AGF Management has a one year low of C$8.17 and a one year high of C$14.42.

Insider Buying and Selling

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of C$13.41, for a total value of C$832,761.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the company’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of C$12.91, for a total value of C$79,370.68. In the last three months, insiders sold 86,733 shares of company stock worth $1,159,908. 18.70% of the stock is owned by corporate insiders.

About AGF Management

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.