AGF Management (TSE:AGF.B) Price Target Raised to C$14.00

AGF Management (TSE:AGF.B - Get Free Report) had its price objective increased by investment analysts at Desjardins from C$12.50 to C$14.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 10.85% from the stock's current price.

Several other equities analysts have also commented on the stock. Jefferies Financial Group decreased their target price on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. TD Securities reduced their price target on shares of AGF Management from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Scotiabank lowered their price objective on shares of AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$13.25.

AGF Management Price Performance

Shares of TSE AGF.B traded up C$0.23 during mid-day trading on Tuesday, reaching C$12.63. The company had a trading volume of 105,484 shares, compared to its average volume of 67,401. The firm has a market cap of C$806.55 million, a price-to-earnings ratio of 9.87, a PEG ratio of 1.18 and a beta of 1.73. The business's 50-day simple moving average is C$11.05 and its 200 day simple moving average is C$10.76. AGF Management has a one year low of C$7.37 and a one year high of C$12.66. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

Insider Transactions at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,277 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of C$12.24 per share, for a total transaction of C$284,910.48. Also, Senior Officer Kevin Andrew Mccreadie sold 21,600 shares of the company's stock in a transaction that occurred on Monday, May 26th. The shares were sold at an average price of C$11.30, for a total transaction of C$244,080.00. Over the last 90 days, insiders purchased 93,440 shares of company stock valued at $1,136,048 and sold 114,552 shares valued at $1,260,920. Company 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.