AGF Management (TSE:AGF.B) Sets New 12-Month High - Here's Why

AGF Management Limited (TSE:AGF.B - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.95 and last traded at C$11.95, with a volume of 17449 shares. The stock had previously closed at C$11.70.

Analyst Upgrades and Downgrades

AGF.B has been the subject of several recent analyst reports. Scotiabank lowered their price target on 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. Desjardins lowered their target price on shares of AGF Management from C$13.50 to C$12.25 and set a "buy" rating for the company in a research note on Wednesday, April 9th. TD Securities cut their price target on shares of AGF Management from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group decreased their price target on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Two 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.com, AGF Management presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.46.

AGF Management Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The stock has a 50-day moving average price of C$10.48 and a 200 day moving average price of C$10.67. The stock has a market capitalization of C$766.32 million, a price-to-earnings ratio of 9.38, a PEG ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling 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 on Wednesday, April 9th. The shares were 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 60,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$11.32, for a total transaction of C$679,200.00. Insiders have sold a total of 114,552 shares of company stock valued at $1,260,920 over the last ninety days. Corporate insiders own 18.70% of the company's stock.

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.