AGF Management (TSE:AGF.B) Price Target Cut to C$11.00 by Analysts at Jefferies Financial Group

AGF Management (TSE:AGF.B) had its target price reduced by Jefferies Financial Group from C$12.00 to C$11.00 in a report published on Monday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. Scotiabank decreased their price target on AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 9th. Desjardins decreased their target price on AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research report on Wednesday, April 9th. TD Securities cut their price target on shares of 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. Finally, BMO Capital Markets lifted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.46.

AGF Management Stock Performance

AGF Management stock opened at C$9.04 on Monday. AGF Management has a 1-year low of C$7.37 and a 1-year high of C$11.95. The company’s 50-day moving average is C$10.22 and its 200 day moving average is C$10.59. The firm has a market capitalization of C$577.29 million, a P/E ratio of 7.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Activity

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of C$11.06 per share, for a total transaction of C$232,260.00. In the last quarter, insiders acquired 89,700 shares of company stock worth $1,033,992. Insiders own 18.70% of the company’s stock.

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.