AGF Management Limited (TSE:AGF.B) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• AGF Management Limited has received a consensus rating of "Moderate Buy" from six brokerages, with an average target price of C$14.75 among analysts.
• Recent upgrades include price target increases by Desjardins to C$16.50 and by TD Securities to C$15.00, both maintaining buy ratings.
• Insider transactions include significant sales, with a total of 86,733 shares sold in the past ninety days, amounting to nearly C$1.16 million in value.

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$15.75.

A number of equities research analysts have recently issued reports on the stock. Desjardins increased their price target 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, September 15th. TD Securities raised their target price 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. BMO Capital Markets raised their target price on shares of AGF Management from C$12.00 to C$15.00 in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of AGF Management from C$14.50 to C$16.00 and gave the company a "buy" rating in a research note on Friday. Finally, Scotiabank raised their target price on shares of AGF Management from C$14.00 to C$15.00 and gave the company a "sector perform" rating in a research note on Thursday.

Insider Buying and Selling

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were 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 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. Insiders have sold 86,733 shares of company stock worth $1,159,908 over the last quarter. Company insiders own 18.70% of the company's stock.

AGF Management Price Performance

Shares of AGF Management stock traded down C$0.06 on Wednesday, reaching C$14.24. The stock had a trading volume of 94,593 shares, compared to its average volume of 75,792. AGF Management has a 1 year low of C$8.17 and a 1 year high of C$14.44. The company has a market cap of C$916.47 million, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28. 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 business's 50 day moving average is C$12.52 and its two-hundred day moving average is C$11.52.

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.