AGF Management (TSE:AGF.B) Given New C$15.00 Price Target at TD Securities

AGF Management (TSE:AGF.B - Get Free Report) had its target price upped by analysts at TD Securities from C$13.00 to C$15.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 18.76% from the stock's previous close.

Several other analysts also recently commented on the company. Jefferies Financial Group reduced their price objective on AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Scotiabank cut 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 research report on Wednesday, April 9th. Finally, Desjardins raised their target price on AGF Management from C$12.50 to C$14.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$13.25.

AGF Management Price Performance

Shares of TSE:AGF.B traded up C$0.23 during midday trading on Thursday, reaching C$12.63. 105,484 shares of the company's stock traded hands, compared to its average volume of 67,401. The company has a fifty day simple moving average of C$11.05 and a two-hundred day simple moving average of C$10.75. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a market cap of C$806.55 million, a P/E ratio of 9.87, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a 1 year low of C$7.37 and a 1 year high of C$12.66.

Insider Activity

In related news, Senior Officer Kevin Andrew Mccreadie sold 21,600 shares of the company's stock in a transaction that occurred on Monday, May 26th. The shares were sold at an average price of C$11.30, for a total transaction of C$244,080.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the company's stock in a transaction that occurred 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. In the last quarter, insiders bought 93,440 shares of company stock valued at $1,136,048 and sold 114,552 shares valued at $1,260,920. Insiders own 18.70% of the company's stock.

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.