AGF Management (TSE:AGF.B) Price Target Raised to C$15.00 at Desjardins

AGF Management (TSE:AGF.B) had its price objective upped by Desjardins from C$14.00 to C$15.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. TD Securities upped their target price on AGF Management from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Thursday, June 19th. Scotiabank increased their price objective on AGF Management from C$11.50 to C$14.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Jefferies Financial Group reduced their price objective on AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$13.83.

AGF Management Stock Performance

Shares of AGF Management stock opened at C$13.40 on Thursday. The company has a market cap of C$855.72 million, a PE ratio of 10.47, 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$13.45. The business has a 50 day moving average price of C$11.37 and a 200-day moving average price of C$10.81. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Insider Buying and Selling

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$11.85, for a total transaction of C$41,475.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 42,700 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of C$12.09 per share, for a total transaction of C$516,243.00. Over the last quarter, insiders have acquired 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 company 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.