AGF Management (TSE:AGF.B) Given New C$17.00 Price Target at TD Securities

AGF Management (TSE:AGF.B) had its target price raised by TD Securities from C$15.00 to C$17.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Desjardins boosted their price objective on shares of AGF Management from C$15.00 to C$16.50 and gave the company a “buy” rating in a report on Monday, September 15th. Scotiabank upped their price target on shares of AGF Management from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Thursday, September 18th. Jefferies Financial Group upped their price target on shares of AGF Management from C$14.50 to C$16.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets upped their price target on shares of AGF Management from C$12.00 to C$15.00 in a report on Tuesday, September 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, AGF Management has an average rating of “Moderate Buy” and an average target price of C$16.08.

AGF Management Price Performance

Shares of AGF.B opened at C$14.31 on Monday. The firm has a market capitalization of C$920.98 million, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management has a 1-year low of C$8.17 and a 1-year high of C$14.44. The company’s fifty day moving average price is C$12.55 and its 200-day moving average price is C$11.56.

Insider Buying and Selling

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of C$12.91, for a total transaction of C$79,370.68. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of C$13.41, for a total transaction of C$832,761.00. Over the last quarter, insiders have sold 86,733 shares of company stock worth $1,159,908. 18.70% of the stock is owned by company insiders.

About AGF Management

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.