TD Securities Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its price target boosted by research analysts at TD Securities from C$12.00 to C$13.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 13.84% from the stock’s current price.

AGF.B has been the topic of a number of other research reports. CIBC raised their price objective on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets raised their target price on AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Desjardins upped their price objective on shares of AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group lifted their target price on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.46.

AGF Management Price Performance

AGF Management stock traded up C$0.19 during trading on Thursday, reaching C$11.42. The company had a trading volume of 33,431 shares, compared to its average volume of 64,735. AGF Management has a 1-year low of C$7.27 and a 1-year high of C$11.53. 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 firm’s 50-day simple moving average is C$10.82 and its 200 day simple moving average is C$9.70. The firm has a market capitalization of C$729.28 million, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insider Transactions at AGF Management

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Insiders sold a total of 545,085 shares of company stock worth $6,071,247 over the last ninety days. Company insiders own 18.70% of the company’s stock.

About AGF Management

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.