AGF Management (TSE:AGF.B) Given New C$10.00 Price Target at Jefferies Financial Group

AGF Management (TSE:AGF.BFree Report) had its price objective increased by Jefferies Financial Group from C$9.00 to C$10.00 in a report released on Monday, BayStreet.CA reports.

Several other research firms have also recently commented on AGF.B. Royal Bank of Canada increased their price objective on AGF Management from C$8.50 to C$9.00 and gave the company a sector perform rating in a research report on Thursday, January 25th. TD Securities boosted their price objective on shares of AGF Management from C$9.50 to C$10.00 and gave the company a buy rating in a report on Tuesday, January 16th. Scotiabank raised their target price on shares of AGF Management from C$9.25 to C$9.50 and gave the stock a sector perform rating in a report on Thursday, January 25th. Finally, CIBC upgraded AGF Management from a neutral rating to an outperform rating and raised their price target for the stock from C$9.00 to C$11.00 in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$9.67.

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AGF Management Stock Up 4.0 %

TSE:AGF.B opened at C$8.53 on Monday. The company has a debt-to-equity ratio of 8.26, a quick ratio of 1.75 and a current ratio of 1.39. The firm has a market cap of C$544.90 million, a P/E ratio of 6.56, a P/E/G ratio of 1.18 and a beta of 1.79. AGF Management has a fifty-two week low of C$6.30 and a fifty-two week high of C$8.55. The firm has a 50-day simple moving average of C$7.91 and a two-hundred day simple moving average of C$7.50.

Insider Activity

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 150,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was acquired at an average price of C$8.17 per share, with a total value of C$1,225,500.00. In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 150,000 shares of AGF Management stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of C$8.17 per share, for a total transaction of C$1,225,500.00. Also, Director Judy Goldring bought 50,100 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of C$4.99 per share, for a total transaction of C$249,999.00. Over the last quarter, insiders have purchased 353,365 shares of company stock worth $2,665,144 and have sold 159,394 shares worth $1,236,812. Company insiders own 18.59% of the company’s stock.

About AGF Management

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AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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