TD Securities Boosts AGF Management (TSE:AGF.B) Price Target to C$17.00

Key Points

• TD Securities raised their target price for AGF Management (TSE:AGF.B) from C$15.00 to C$17.00, indicating a potential upside of 19.72% from the current stock price.
• Other analysts, including BMO Capital Markets and Jefferies Financial Group, have also increased their price targets, with a consensus rating of "Moderate Buy" and an average target of C$16.08.
• Insider trading activity revealed significant sales, with insiders selling 86,733 shares valued over C$1.15 million in the last quarter.

AGF Management (TSE:AGF.B - Get Free Report) had its target price lifted by equities research analysts at TD Securities from C$15.00 to C$17.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 17.65% from the company's current price.

Several other brokerages have also issued reports on AGF.B. BMO Capital Markets raised their target price on AGF Management from C$12.00 to C$15.00 in a research report on Tuesday, September 16th. Jefferies Financial Group lifted their price objective on AGF Management from C$14.50 to C$16.00 and gave the stock a "buy" rating in a research report on Friday. Desjardins lifted their price objective on AGF Management from C$15.00 to C$16.50 and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, Scotiabank lifted their price objective on AGF Management from C$14.00 to C$15.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$16.08.

AGF Management Trading Up 1.0%

TSE:AGF.B traded up C$0.14 during trading hours on Monday, hitting C$14.45. 39,985 shares of the company were exchanged, compared to its average volume of 75,432. The stock has a market capitalization of C$929.99 million, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28. The company has a current ratio of 1.19, a quick ratio of 1.75 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$14.49. The company has a fifty day simple moving average of C$12.55 and a 200 day simple moving average of C$11.56.

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$12.91, for a total transaction of C$79,370.68. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of C$13.41, for a total transaction of C$832,761.00. Insiders sold 86,733 shares of company stock valued at $1,159,908 over the last three months. 18.70% of the stock is currently owned by 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.