AGF Management Limited (TSE:AGF.B) Given Consensus 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.

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

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

AGF Management Stock Performance

AGF Management stock opened at C$12.00 on Friday. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock has a fifty day moving average price of C$12.45 and a two-hundred day moving average price of C$11.27. AGF Management has a 52-week low of C$7.65 and a 52-week high of C$13.60. The firm has a market capitalization of C$766.32 million, a P/E ratio of 9.38, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Transactions at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 42,700 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of C$12.09 per share, with a total value of C$516,243.00. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of AGF Management stock in a transaction dated Monday, June 30th. The shares were sold at an average price of C$13.41, for a total value of C$832,761.00. Over the last ninety days, insiders purchased 93,440 shares of company stock valued at $1,136,048 and sold 108,333 shares valued at $1,403,988. Insiders own 18.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.