Jefferies Financial Group Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

Key Points

• Jefferies Financial Group has raised its price target for AGF Management from C$14.50 to C$16.00, indicating a potential upside of 12.20% from the current stock price.
• Multiple analysts, including Desjardins and TD Securities, have also increased their price targets for AGF Management, with ratings predominantly favoring a "buy" position.
• As of now, AGF Management has a market capitalization of C$917.76 million, with its shares trading around C$14.26 following recent trading activity.

AGF Management (TSE:AGF.B - Get Free Report) had its price objective upped by Jefferies Financial Group from C$14.50 to C$16.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 11.81% from the company's current price.

A number of other brokerages have also recently commented on AGF.B. Desjardins raised their price target on shares of AGF Management from C$15.00 to C$16.50 and gave the stock a "buy" rating in a research note on Monday, September 15th. TD Securities upped their target price on shares of AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a report on Thursday, June 19th. BMO Capital Markets increased their target price on shares of AGF Management from C$12.00 to C$15.00 in a research report on Tuesday, September 16th. Finally, Scotiabank raised their price target on shares of AGF Management from C$14.00 to C$15.00 and gave the company a "sector perform" rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$16.08.

AGF Management Stock Performance

Shares of TSE:AGF.B traded up C$0.07 during trading on Friday, hitting C$14.31. 55,231 shares of the company traded hands, compared to its average volume of 75,679. The stock has a market capitalization of C$920.98 million, a price-to-earnings ratio of 9.23, a PEG ratio of 1.18 and a beta of 1.28. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a one year low of C$8.17 and a one year high of C$14.44. The business's fifty day moving average is C$12.52 and its 200-day moving average is C$11.53.

Insider Transactions at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of C$12.91, for a total value of C$79,370.68. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of AGF Management stock in a transaction on Monday, June 30th. The stock was sold at an average price of C$13.41, for a total value of C$832,761.00. Insiders have sold 86,733 shares of company stock valued at $1,159,908 over the last 90 days. 18.70% of the stock is owned by corporate 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.