AGF Management (TSE:AGF.B) Price Target Lowered to C$11.00 at Jefferies Financial Group

AGF Management (TSE:AGF.B) had its price objective dropped by Jefferies Financial Group from C$12.00 to C$11.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 21.41% from the company’s previous close.

A number of other research firms also recently weighed in on AGF.B. BMO Capital Markets increased their target price on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Scotiabank decreased their target price on AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 9th. TD Securities lowered their target price on AGF Management from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Desjardins cut their price target on AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.46.

AGF Management Stock Performance

Shares of TSE AGF.B traded down C$0.15 during mid-day trading on Monday, reaching C$9.06. 18,607 shares of the company’s stock were exchanged, compared to its average volume of 70,771. The firm has a market capitalization of C$578.57 million, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm has a 50-day moving average price of C$10.26 and a two-hundred day moving average price of C$10.60. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management has a 52 week low of C$7.37 and a 52 week high of C$11.95.

Insider Activity at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of C$9.80, for a total value of C$240,609.60. In the last three months, insiders have purchased 89,700 shares of company stock worth $1,033,992. 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.