AGF Management (TSE:AGF.B) Price Target Raised to C$16.00 at Scotiabank

AGF Management (TSE:AGF.B) had its price objective lifted by Scotiabank from C$15.00 to C$16.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities analysts have also commented on the stock. BMO Capital Markets raised their price objective on shares of AGF Management from C$12.00 to C$15.00 in a research report on Tuesday, September 16th. Jefferies Financial Group increased their price objective on AGF Management from C$14.50 to C$16.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Desjardins lifted their target price on shares of AGF Management from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, TD Securities boosted their price objective on AGF Management from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, AGF Management presently has an average rating of “Moderate Buy” and a consensus target price of C$16.46.

AGF Management Trading Down 1.8%

Shares of AGF.B stock opened at C$14.02 on Thursday. The company has a 50 day moving average of C$12.64 and a 200-day moving average of C$11.62. AGF Management has a 12-month low of C$8.34 and a 12-month high of C$15.30. The firm has a market cap of C$902.31 million, a P/E ratio of 9.05, a PEG ratio of 1.18 and a beta of 1.28. 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 at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the business’s 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. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of AGF Management stock in a transaction 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. Insiders have sold a total of 68,633 shares of company stock worth $917,187 over the last three months. 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.