Desjardins Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price objective lifted by Desjardins from C$16.50 to C$17.75 in a research note released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

AGF.B has been the topic of several other reports. Scotiabank increased their price target on shares of AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets upped their price objective on AGF Management from C$12.00 to C$15.00 in a report on Tuesday, September 16th. TD Securities increased 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. Finally, Jefferies Financial Group boosted their target price on AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.46.

AGF Management Stock Down 1.8%

Shares of TSE:AGF.B opened at C$14.02 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a market cap of C$902.31 million, a P/E ratio of 9.05, a P/E/G ratio of 1.18 and a beta of 1.28. AGF Management has a 12 month low of C$8.34 and a 12 month high of C$15.30. The company’s 50-day moving average price is C$12.64 and its two-hundred day moving average price is C$11.62.

Insider Activity at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the firm’s stock in a transaction on Monday, June 30th. The shares were 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 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. In the last three months, insiders sold 68,633 shares of company stock valued at $917,187. 18.70% of the stock is currently owned by 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.