Desjardins Issues Pessimistic Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its target price lowered by equities researchers at Desjardins from C$13.50 to C$12.25 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 31.16% from the stock’s previous close.

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

AGF Management Price Performance

AGF Management stock opened at C$9.34 on Wednesday. The firm has a fifty day moving average of C$10.45 and a 200-day moving average of C$10.58. AGF Management has a 52-week low of C$7.37 and a 52-week high of C$11.95. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a market capitalization of C$596.45 million, a P/E ratio of 7.30, a PEG ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,100 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of C$11.57 per share, with a total value of C$244,127.00. Insiders have bought 89,700 shares of company stock worth $1,033,992 over the last ninety days. 18.70% of the stock is owned by insiders.

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.