AGF Management (TSE:AGF.B) Given New C$15.00 Price Target at Scotiabank

AGF Management (TSE:AGF.B) had its price target hoisted by Scotiabank from C$14.00 to C$15.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also weighed in on AGF.B. BMO Capital Markets upped their target price on shares of AGF Management from C$12.00 to C$15.00 in a report on Tuesday. Desjardins increased their price objective on shares of AGF Management from C$15.00 to C$16.50 and gave the stock a “buy” rating in a report on Monday. Finally, TD Securities increased their price target on shares of AGF Management from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, June 19th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$14.92.

AGF Management Trading Up 2.8%

Shares of AGF.B opened at C$14.30 on Thursday. The stock has a 50 day simple moving average of C$12.49 and a 200-day simple moving average of C$11.50. 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 stock has a market cap of C$920.33 million, a PE ratio of 9.23, a PEG ratio of 1.18 and a beta of 1.28. AGF Management has a 1 year low of C$8.17 and a 1 year high of C$14.42.

Insider Buying and Selling

In other news, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the business’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$13.41, for a total value of C$832,761.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of C$12.91, for a total value of C$79,370.68. In the last ninety days, insiders sold 86,733 shares of company stock worth $1,159,908. Insiders own 18.70% of the company’s stock.

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.