BMO Capital Markets Boosts AGF Management (TSE:AGF.B) Price Target to C$9.00

AGF Management (TSE:AGF.B) had its price objective boosted by BMO Capital Markets from C$8.50 to C$9.00 in a research note released on Friday morning, BayStreet.CA reports.

A number of other research analysts also recently commented on the company. Jefferies Financial Group upped their price objective on AGF Management from C$9.00 to C$10.00 in a research note on Monday, April 1st. Scotiabank upped their price objective on AGF Management from C$9.50 to C$10.50 in a research note on Tuesday, April 2nd. Royal Bank of Canada upped their price objective on AGF Management from C$9.00 to C$10.00 in a research note on Friday. TD Securities increased their price target on AGF Management from C$9.50 to C$10.00 and gave the stock a buy rating in a research note on Tuesday, January 16th. Finally, CIBC increased their price target on AGF Management from C$11.00 to C$14.00 in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have 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$10.75.

AGF Management Price Performance

Shares of AGF.B opened at C$8.44 on Friday. The company has a market cap of C$539.15 million, a P/E ratio of 6.49, a PEG ratio of 1.18 and a beta of 1.79. The stock has a fifty day moving average price of C$7.97 and a 200 day moving average price of C$7.52. The company has a debt-to-equity ratio of 8.26, a current ratio of 1.39 and a quick ratio of 1.75. AGF Management has a 12 month low of C$6.30 and a 12 month high of C$9.05.

Insider Buying and Selling at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 50,000 shares of AGF Management stock in a transaction on Monday, March 25th. The stock was bought at an average price of C$8.08 per share, for a total transaction of C$404,000.00. In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of C$8.08 per share, for a total transaction of C$404,000.00. Also, Senior Officer Kevin Andrew Mccreadie sold 17,594 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of C$7.74, for a total value of C$136,177.56. In the last 90 days, insiders have acquired 353,365 shares of company stock valued at $2,665,144 and have sold 159,394 shares valued at $1,236,812. Insiders own 18.59% of the company’s stock.

About AGF Management

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.