AGF Management - AGF.B Stock Forecast, Price & News

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. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. For its equity portion, it invests in growth stocks of companies. The firm employs fundamental analysis to make its investments. AGF Management Limited was founded in 1957 and is based in Toronto, Canada.

AGF Management Stock Performance

Shares of AGF.B opened at C$6.58 on Friday. The stock has a 50 day moving average of C$6.40 and a 200 day moving average of C$6.93. The company has a market capitalization of C$449.66 million and a price-to-earnings ratio of 9.14. AGF Management has a 12 month low of C$5.96 and a 12 month high of C$8.52. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.16.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price on AGF Management from C$8.00 to C$7.00 in a research report on Tuesday, July 26th. Royal Bank of Canada downgraded shares of AGF Management from a "sector perform" rating to an "underperform" rating and decreased their target price for the stock from C$8.50 to C$8.00 in a research report on Monday, April 25th. Finally, TD Securities lifted their price target on AGF Management from C$7.50 to C$8.00 in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, AGF Management presently has a consensus rating of "Hold" and a consensus target price of C$7.80.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,700 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were acquired at an average cost of C$6.38 per share, for a total transaction of C$138,446.00. Following the purchase, the insider now owns 1,084,081 shares of the company's stock, valued at approximately C$6,916,436.78. Insiders have acquired 193,600 shares of company stock worth $1,213,860 in the last ninety days.