AGF Management (TSE:AGF.B) Stock Price Expected to Rise, Desjardins Analyst Says

AGF Management (TSE:AGF.B) had its price objective boosted by stock analysts at Desjardins from C$12.50 to C$14.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 15.89% from the stock’s previous close.

AGF.B has been the topic of a number of other research reports. Jefferies Financial Group cut their price target on shares of AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. TD Securities lowered their price objective on AGF Management from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Scotiabank reduced their price objective on shares of AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 9th. 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.75.

AGF Management Trading Up 0.4%

Shares of TSE:AGF.B traded up C$0.05 during trading on Tuesday, hitting C$12.08. 46,859 shares of the company’s stock were exchanged, compared to its average volume of 66,793. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management has a 1-year low of C$7.37 and a 1-year high of C$12.46. The firm has a 50-day moving average price of C$10.83 and a two-hundred day moving average price of C$10.72. The firm has a market cap of C$771.43 million, a P/E ratio of 9.44, a PEG ratio of 1.18 and a beta of 1.73.

Insider Transactions at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 21,600 shares of the company’s stock in a transaction on Monday, May 26th. The shares were sold at an average price of C$11.30, for a total value of C$244,080.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the business’s 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. Over the last 90 days, insiders have acquired 93,440 shares of company stock worth $1,136,048 and have sold 114,552 shares worth $1,260,920. 18.70% of the stock is owned by company insiders.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.