AGF Management Limited (TSE:AGF.B) Given Average Recommendation of “Moderate Buy” by Brokerages

AGF Management Limited (TSE:AGF.B) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$12.63.

A number of equities analysts have recently commented on AGF.B shares. Jefferies Financial Group raised their price objective on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets lifted their price objective on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. TD Securities dropped their target price on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Scotiabank decreased their price target 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. Finally, Desjardins dropped their price objective on AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research note on Wednesday, April 9th.

AGF Management Stock Performance

TSE AGF.B opened at C$9.21 on Friday. The company’s fifty day moving average is C$10.26 and its two-hundred day moving average is C$10.59. AGF Management has a 52-week low of C$7.37 and a 52-week high of C$11.95. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The firm has a market capitalization of C$588.15 million, a price-to-earnings ratio of 7.20, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the business’s stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of C$9.80, for a total transaction of C$240,609.60. Over the last 90 days, insiders acquired 89,700 shares of company stock worth $1,033,992. 18.70% of the stock is owned by insiders.

AGF Management Company Profile

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.