AGF Management (TSE:AGF.B) Sets New 52-Week High After Analyst Upgrade

AGF Management Limited (TSE:AGF.B - Get Free Report) reached a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$13.00 to C$15.00. TD Securities currently has a buy 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 trading hands. The stock had previously closed at C$12.40.

A number of other research firms also recently weighed in on AGF.B. Scotiabank decreased their price objective on AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating on the stock in a report on Wednesday, April 9th. Desjardins boosted their price target on AGF Management from C$12.50 to C$14.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Jefferies Financial Group dropped their price objective on AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.25.

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,277 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of C$12.24 per share, for a total transaction of C$284,910.48. Also, Senior Officer Kevin Andrew Mccreadie sold 3,500 shares of the business'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. Over the last quarter, 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. Insiders own 18.70% of the company's stock.

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 company has a market capitalization of C$796.33 million, a P/E ratio of 9.74, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a 50 day moving average price of C$10.99 and a 200 day moving average price of C$10.75.

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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