Jefferies Financial Group Issues Pessimistic Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B - Free Report) had its target price reduced by Jefferies Financial Group from C$12.00 to C$11.00 in a research report released on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on AGF.B. Scotiabank lowered their price target on shares of AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating for the company in a report on Wednesday, April 9th. TD Securities lowered their price objective on shares of AGF Management from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets raised their target price on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Finally, Desjardins lowered their price target on AGF Management from C$13.50 to C$12.25 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, AGF Management presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.46.

AGF Management Trading Down 0.2 %

AGF.B traded down C$0.02 on Monday, hitting C$9.94. 26,520 shares of the company were exchanged, compared to its average volume of 71,363. 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 has a 12 month low of C$7.37 and a 12 month high of C$11.95. The firm has a fifty day simple moving average of C$10.13 and a two-hundred day simple moving average of C$10.57. The stock has a market capitalization of C$634.77 million, a PE ratio of 7.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insiders Place Their Bets

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 22,500 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of C$11.89 per share, with a total value of C$267,525.00. In the last quarter, insiders have bought 89,700 shares of company stock worth $1,033,992. Company insiders own 18.70% of the company's stock.

About AGF Management

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.