Desjardins Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B - Get Free Report) had its price target raised by equities researchers at Desjardins from C$14.00 to C$15.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target indicates a potential upside of 13.46% from the company's current price.

Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Scotiabank upped their price objective on shares of AGF Management from C$11.50 to C$14.00 and gave the company a "sector perform" rating in a report on Monday, June 23rd. Finally, TD Securities upped their price objective on shares of AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a report on Thursday, June 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.83.

AGF Management Stock Down 1.3%

AGF Management stock traded down C$0.18 during trading hours on Thursday, reaching C$13.22. The stock had a trading volume of 126,120 shares, compared to its average volume of 70,384. AGF Management has a 52 week low of C$7.37 and a 52 week high of C$13.60. 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 company has a market cap of C$844.23 million, a price-to-earnings ratio of 10.33, a PEG ratio of 1.18 and a beta of 1.73. The business's 50 day moving average price is C$11.45 and its 200-day moving average price is C$10.82.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of AGF Management stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of C$9.80, for a total transaction of C$240,609.60. Also, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$11.85, for a total value of C$41,475.00. Over the last quarter, insiders have bought 93,440 shares of company stock worth $1,136,048 and have sold 114,552 shares worth $1,260,920. 18.70% of the stock is owned by insiders.

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.