AGF Management Limited (TSE:AGF.B - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday after Scotiabank raised their price target on the stock from C$11.50 to C$14.00. Scotiabank currently has a sector perform rating on the stock. AGF Management traded as high as C$12.48 and last traded at C$12.43, with a volume of 8975 shares traded. The stock had previously closed at C$12.40.
Several other research analysts have also issued reports on AGF.B. Jefferies Financial Group decreased their target price on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. 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 report on Thursday. Finally, Desjardins increased their target price on AGF Management from C$12.50 to C$14.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$13.67.
Check Out Our Latest Stock Report on AGF Management
Insider Buying and Selling
In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the firm's 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 firm'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. In the last three months, insiders have purchased 93,440 shares of company stock valued at $1,136,048 and have sold 114,552 shares valued at $1,260,920. 18.70% of the stock is owned by insiders.
AGF Management Trading Up 1.5%
The stock has a market cap of C$818.69 million, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The stock has a 50-day moving average price of C$11.13 and a two-hundred day moving average price of C$10.76. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.
About AGF Management
(
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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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