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

AGF Management (TSE:AGF.B - Get Free Report) had its price target upped by equities researchers at Scotiabank from C$11.50 to C$14.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's target price points to a potential upside of 9.03% from the company's previous close.

Several other equities research analysts also recently issued reports on AGF.B. Desjardins increased their price target on AGF Management from C$12.50 to C$14.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. 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 note on Thursday. Finally, Jefferies Financial Group dropped their target price on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$13.67.

AGF Management Trading Up 1.7%

TSE:AGF.B traded up C$0.21 during mid-day trading on Monday, hitting C$12.84. The company had a trading volume of 76,225 shares, compared to its average volume of 67,445. 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 fifty-two week low of C$7.37 and a fifty-two week high of C$12.85. The firm has a market cap of C$819.96 million, a P/E ratio of 10.03, a P/E/G ratio of 1.18 and a beta of 1.73. The business's fifty day moving average is C$11.05 and its two-hundred day moving average is C$10.75.

Insider Activity at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 60,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$11.32, for a total value of C$679,200.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of C$9.80, for a total transaction of C$240,609.60. In the last ninety days, insiders bought 93,440 shares of company stock worth $1,136,048 and sold 114,552 shares worth $1,260,920. 18.70% of the stock is currently owned by company 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.

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