AGF Management (TSE:AGF.B) Price Target Raised to C$8.00

AGF Management (TSE:AGF.B – Get Rating) had its price target increased by CIBC from C$6.75 to C$8.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other research firms have also weighed in on AGF.B. Royal Bank of Canada reduced their price objective on shares of AGF Management from C$7.00 to C$6.50 and set an underperform rating on the stock in a research note on Monday, September 26th. Scotiabank lifted their price objective on shares of AGF Management from C$7.50 to C$8.50 in a research note on Monday, October 31st. Finally, BMO Capital Markets lifted their price objective on shares of AGF Management from C$7.50 to C$8.50 in a research note on Monday.

AGF Management Stock Down 0.6 %

AGF Management stock opened at C$8.03 on Tuesday. The company’s 50 day simple moving average is C$6.98 and its 200 day simple moving average is C$6.51. AGF Management has a fifty-two week low of C$5.63 and a fifty-two week high of C$8.22. The firm has a market capitalization of C$519.41 million and a price-to-earnings ratio of 9.56. The company has a debt-to-equity ratio of 7.99, a current ratio of 1.75 and a quick ratio of 1.75.

Insiders Place Their Bets

In other news, Senior Officer Kevin Andrew Mccreadie sold 41,951 shares of AGF Management stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of C$6.50, for a total value of C$272,681.50. Following the sale, the insider now directly owns 208,049 shares in the company, valued at C$1,352,318.50.

About AGF Management

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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.