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

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

AGF.B has been the subject of several analyst reports. Desjardins raised their price target on shares of AGF Management from C$14.00 to C$15.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. TD Securities raised their target price on AGF Management from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Thursday, June 19th. Scotiabank upped their price target 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. Finally, Jefferies Financial Group decreased their price target on AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the business's 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. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the firm's stock in a transaction 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. Over the last quarter, insiders have acquired 93,440 shares of company stock valued at $1,136,048 and have sold 200,900 shares valued at $2,415,772. Company insiders own 18.70% of the company's stock.

AGF Management Trading Up 0.3%

Shares of AGF Management stock traded up C$0.04 on Friday, hitting C$12.73. The stock had a trading volume of 37,753 shares, compared to its average volume of 69,779. The stock has a 50 day moving average of C$11.73 and a 200 day moving average of C$10.89. The firm has a market capitalization of C$812.94 million, a P/E ratio of 9.95, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$7.37 and a twelve month high of C$13.60. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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.