AGF Management Limited (TSE:AGF.B) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• AGF Management Limited has received a consensus rating of "Moderate Buy" from six brokerages, with two analysts recommending hold and four issuing buy ratings.
• The average 12-month target price for AGF shares among analysts is C$13.83, with recent price targets from Scotiabank, TD Securities, and Desjardins ranging from C$14.00 to C$15.00.
• Insider trading activity shows significant movement, with an AGF Employee Benefit Plan Trust acquiring 42,700 shares, while Senior Officer Kevin McCreadie sold 62,100 shares in late June.

AGF Management Limited (TSE:AGF.B - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$13.83.

Several research analysts have weighed in on AGF.B shares. Scotiabank upped their target price on AGF Management from C$11.50 to C$14.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd. Desjardins increased their price objective on AGF Management from C$14.00 to C$15.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, TD Securities increased their price objective on AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a report on Thursday, June 19th.

Insider Activity at AGF Management

In related news, 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. 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 value of C$79,370.68. In the last 90 days, insiders have purchased 93,440 shares of company stock valued at $1,136,048 and have sold 86,733 shares valued at $1,159,908. 18.70% of the stock is owned by corporate insiders.

AGF Management Stock Up 5.5%

AGF.B stock traded up C$0.65 during mid-day trading on Friday, hitting C$12.55. The stock had a trading volume of 197,738 shares, compared to its average volume of 69,403. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management has a 1-year low of C$7.65 and a 1-year high of C$13.60. The company has a fifty day moving average of C$12.45 and a 200 day moving average of C$11.31. The stock has a market capitalization of C$801.44 million, a price-to-earnings ratio of 9.80, a PEG ratio of 1.18 and a beta of 1.73.

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.