AGF Management (TSE:AGF.B) Given New C$15.00 Price Target at Desjardins

AGF Management (TSE:AGF.B - Get Free Report) had its price objective raised by analysts at Desjardins from C$14.00 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target would indicate a potential upside of 12.19% from the company's previous close.

Several other research firms also recently weighed in on AGF.B. TD Securities increased 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 raised their target price on shares of AGF Management from C$11.50 to C$14.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, Jefferies Financial Group dropped their price target on shares of AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.83.

AGF Management Stock Performance

Shares of AGF.B traded up C$0.57 during mid-day trading on Thursday, hitting C$13.37. 70,073 shares of the company's stock were exchanged, compared to its average volume of 69,656. 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 fifty-two week low of C$7.37 and a fifty-two week high of C$13.44. The business's 50 day moving average is C$11.28 and its two-hundred day moving average is C$10.80. The firm has a market capitalization of C$853.81 million, a P/E ratio of 10.45, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 5,863 shares of the stock in a transaction dated Monday, June 16th. The stock was acquired at an average price of C$12.10 per share, for a total transaction of C$70,942.30. Also, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of AGF Management stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$11.85, for a total transaction of C$41,475.00. Over the last three months, insiders bought 93,440 shares of company stock worth $1,136,048 and sold 114,552 shares worth $1,260,920. 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.

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