AGF Management (TSE:AGF.B) Price Target Cut to C$11.50 by Analysts at Scotiabank

AGF Management (TSE:AGF.B) had its target price lowered by analysts at Scotiabank from C$12.00 to C$11.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 22.34% from the stock’s previous close.

A number of other research firms have also recently issued reports on AGF.B. TD Securities cut their price target on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Wednesday. Jefferies Financial Group boosted their price target 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. BMO Capital Markets raised their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Wednesday, January 8th. Finally, Desjardins dropped their target price on shares of AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.63.

AGF Management Price Performance

TSE:AGF.B traded up C$0.19 on Wednesday, reaching C$9.40. The stock had a trading volume of 68,043 shares, compared to its average volume of 71,483. AGF Management has a 1-year low of C$7.37 and a 1-year high of C$11.95. The stock has a fifty day moving average price of C$10.55 and a 200-day moving average price of C$10.59. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The company has a market capitalization of C$600.28 million, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,100 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of C$11.57 per share, for a total transaction of C$244,127.00. Insiders have acquired a total of 89,700 shares of company stock valued at $1,033,992 over the last 90 days. 18.70% of the stock is owned by company insiders.

AGF Management Company Profile

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.