TD Securities Increases AGF Management (TSE:AGF.B) Price Target to C$15.00

AGF Management (TSE:AGF.B - Get Free Report) had its price target boosted by stock analysts at TD Securities from C$13.00 to C$15.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 22.05% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Desjardins lifted their target price on AGF Management from C$12.50 to C$14.00 and gave the company a "buy" rating in a research report on Tuesday. Scotiabank reduced their price target on AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating on the stock in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group decreased their price objective on shares of AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.25.

AGF Management Stock Performance

Shares of AGF.B stock traded up C$0.35 on Thursday, hitting C$12.29. The company's stock had a trading volume of 67,170 shares, compared to its average volume of 66,937. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. AGF Management has a fifty-two week low of C$7.37 and a fifty-two week high of C$12.46. The stock's 50 day moving average is C$10.93 and its 200-day moving average is C$10.73. The company has a market capitalization of C$784.84 million, a PE ratio of 9.60, a PEG ratio of 1.18 and a beta of 1.73.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the stock in a transaction on 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 21,600 shares of the company's stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$11.30, for a total value of C$244,080.00. Over the last three months, insiders acquired 93,440 shares of company stock valued at $1,136,048 and sold 114,552 shares valued at $1,260,920. 18.70% of the stock is currently owned by company 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.

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