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

Key Points

• AGF Management Limited has received a consensus recommendation of "Moderate Buy" from six analysts, with two holds and four buy ratings.
• The company's average twelve-month price target is C$13.83, while several brokerages have adjusted their price objectives upward in recent reports.
• Despite a slight decrease of 1.3% in share price, AGF Management has a market cap of C$796.33 million and significant insider trading activity, including sales worth over C$2.1 million.

AGF Management Limited (TSE:AGF.B - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$13.83.

Several brokerages have issued reports on AGF.B. Scotiabank boosted their target price on AGF Management from C$11.50 to C$14.00 and gave the company a "sector perform" rating in a research report on Monday, June 23rd. Desjardins boosted their target price on AGF Management from C$14.00 to C$15.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Jefferies Financial Group dropped their target price on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Finally, TD Securities boosted their target price on AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a research report on Thursday, June 19th.

Insider Buying and Selling

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 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 acquired 42,700 shares of AGF Management 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. Over the last ninety days, insiders have bought 93,440 shares of company stock worth $1,136,048 and have sold 176,733 shares worth $2,180,218. Company insiders own 18.70% of the company's stock.

AGF Management Trading Down 0.9%

Shares of TSE:AGF.B traded down C$0.11 during trading on Tuesday, reaching C$12.17. The company's stock had a trading volume of 24,272 shares, compared to its average volume of 68,509. 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 12 month low of C$7.37 and a 12 month high of C$13.60. The firm's 50 day simple moving average is C$12.42 and its two-hundred day simple moving average is C$11.16. The stock has a market capitalization of C$777.18 million, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

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.