AGF Management (TSE:AGF.B) Price Target Raised to C$14.00 at Desjardins

AGF Management (TSE:AGF.B) had its target price boosted by Desjardins from C$12.50 to C$14.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

AGF.B has been the topic of a number of other reports. Scotiabank cut their target price on shares of AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 9th. TD Securities cut their price objective 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, Jefferies Financial Group lowered their target price on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.75.

AGF Management Stock Up 0.3%

TSE AGF.B opened at C$12.07 on Tuesday. The stock has a market capitalization of C$770.79 million, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management has a 52 week low of C$7.37 and a 52 week high of C$12.46. 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 stock has a fifty day moving average of C$10.88 and a 200-day moving average of C$10.73.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of C$9.80, for a total value of C$240,609.60. Also, Senior Officer Kevin Andrew Mccreadie sold 60,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$11.32, for a total value of C$679,200.00. In the last ninety days, insiders have bought 93,440 shares of company stock worth $1,136,048 and have sold 114,552 shares worth $1,260,920. 18.70% of the stock is currently owned by corporate insiders.

AGF Management Company Profile

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.