Desjardins Lowers AGF Management (TSE:AGF.B) Price Target to C$12.25

AGF Management (TSE:AGF.B) had its price target reduced by Desjardins from C$13.50 to C$12.25 in a research note published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

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

AGF Management Stock Performance

Shares of TSE AGF.B traded down C$0.59 during midday trading on Wednesday, reaching C$9.07. 29,715 shares of the company were exchanged, compared to its average volume of 71,629. The stock has a market cap of C$579.21 million, a P/E ratio of 7.09, 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$11.95. The stock has a fifty day simple moving average of C$10.49 and a 200 day simple moving average of C$10.57. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Insiders Place Their Bets

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$11.06 per share, with a total value of C$232,260.00. In the last ninety days, insiders have purchased 89,700 shares of company stock worth $1,033,992. Corporate 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.