AGF Management (TSE:AGF.B) Price Target Raised to C$10.50 at Scotiabank

AGF Management (TSE:AGF.B - Get Free Report) had its target price hoisted by equities research analysts at Scotiabank from C$9.50 to C$10.50 in a report issued on Tuesday, BayStreet.CA reports. Scotiabank's target price points to a potential upside of 26.05% from the company's current price.

Several other research firms also recently issued reports on AGF.B. TD Securities boosted their price objective on AGF Management from C$9.50 to C$10.00 and gave the company a "buy" rating in a report on Tuesday, January 16th. CIBC raised AGF Management from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from C$9.00 to C$11.00 in a research note on Wednesday, February 28th. Royal Bank of Canada boosted their target price on AGF Management from C$8.50 to C$9.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group boosted their target price on AGF Management from C$9.00 to C$10.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, AGF Management currently has an average rating of "Hold" and a consensus target price of C$9.83.

AGF Management Trading Down 2.3 %

Shares of AGF.B stock traded down C$0.20 on Tuesday, hitting C$8.33. The stock had a trading volume of 33,869 shares, compared to its average volume of 81,218. The company has a debt-to-equity ratio of 8.26, a current ratio of 1.39 and a quick ratio of 1.75. The firm has a market capitalization of C$532.12 million, a P/E ratio of 6.41, a P/E/G ratio of 1.18 and a beta of 1.79. AGF Management has a 1 year low of C$6.30 and a 1 year high of C$8.55. The company's 50 day moving average price is C$7.92 and its 200-day moving average price is C$7.50.

Insider Transactions at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 132,200 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of C$7.77, for a total transaction of C$1,027,194.00. In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 15,000 shares of the firm's stock in a transaction that occurred on Friday, January 26th. The stock was purchased at an average cost of C$7.68 per share, with a total value of C$115,200.00. Also, Senior Officer Kevin Andrew Mccreadie sold 132,200 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of C$7.77, for a total value of C$1,027,194.00. In the last ninety days, insiders acquired 353,365 shares of company stock valued at $2,665,144 and sold 159,394 shares valued at $1,236,812. Insiders own 18.59% of the company's stock.

About AGF Management

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.