AGF Management (TSE:AGF.B) Hits New 12-Month High on Analyst Upgrade

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) reached a new 52-week high during trading on Thursday after Desjardins raised their price target on the stock from C$14.00 to C$15.00. Desjardins currently has a buy rating on the stock. AGF Management traded as high as C$13.44 and last traded at C$13.27, with a volume of 27900 shares changing hands. The stock had previously closed at C$12.80.

AGF.B has been the topic of a number of other reports. TD Securities raised their price target on shares of AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Thursday, June 19th. Jefferies Financial Group reduced their price target on shares of AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Finally, Scotiabank lifted 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, June 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$13.83.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of AGF Management stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of C$9.80, for a total value of C$240,609.60. Also, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of AGF Management stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$11.85, for a total transaction of C$41,475.00. In the last 90 days, insiders have bought 93,440 shares of company stock worth $1,136,048 and have sold 114,552 shares worth $1,260,920. Corporate insiders own 18.70% of the company's stock.

AGF Management Stock Down 1.3%

The firm has a market cap of C$844.23 million, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The stock's 50 day simple moving average is C$11.45 and its 200 day simple moving average is C$10.82. 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.