AGF Management (TSE:AGF.B) Sets New 12-Month High Following Analyst Upgrade

AGF Management Limited (TSE:AGF.B)’s stock price reached a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$13.00 to C$15.00. TD Securities currently has a buy rating on the stock. AGF Management traded as high as C$12.48 and last traded at C$12.43, with a volume of 8975 shares changing hands. The stock had previously closed at C$12.40.

A number of other equities analysts have also weighed in on the company. Desjardins upped their price objective on AGF Management from C$12.50 to C$14.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group dropped their price objective on AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Finally, Scotiabank dropped their price objective 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.25.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the stock in a transaction that occurred on 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 3,500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$11.85, for a total value of C$41,475.00. Over the last three months, insiders have acquired 93,440 shares of company stock worth $1,136,048 and have sold 114,552 shares worth $1,260,920. Company insiders own 18.70% of the company’s stock.

AGF Management Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The firm has a market cap of C$806.55 million, a P/E ratio of 9.87, a PEG ratio of 1.18 and a beta of 1.73. The firm has a 50-day simple moving average of C$11.05 and a 200-day simple moving average of C$10.76.

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.