AGF Management (TSE:AGF.B) Stock Price Target Trimmed to C$11.50

A Number of Analysts Have Also Issued Reports

A number of other equities research analysts have also issued reports on AGF.B. TD Securities cut their target price 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. Jefferies Financial Group upped their price objective on AGF Management from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. BMO Capital Markets increased their target price on AGF Management from C$10.00 to C$11.00 in a report on Wednesday, January 8th. Finally, Desjardins lowered their price target on AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a report on Wednesday.

TD Securities: $12.00 (from $13.00) with a “buy” rating
Jefferies Financial Group: $12.00 (up from $11.00) with a “buy” rating
BMO Capital Markets: $11.00 (from $10.00) with a “buy” rating
Desjardins: $12.25 (down from $13.50) with a “buy” rating

AGF Management Stock Down 6.1%

Shares of TSE:AGF.B traded down C$0.59 during midday trading on Wednesday, reaching C$9.07. The company had a trading volume of 29,715 shares, compared to its average volume of 71,629. The stock has a market capitalization of C$579.21 million, a P/E ratio of 7.09, a PEG ratio of 1.18 and a beta of 1.73. The stock’s fifty day moving average price is C$10.49 and its 200-day moving average price is C$10.57.

Financial Metrics	Value
Market Capitalization	C$579.21 million
P/E Ratio	7.09
PEG Ratio	1.18
Beta	1.73
50 Day Moving Average Price	C$10.49
200 Day Moving Average Price	C$10.57

Insider Activity

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 22,500 shares of AGF Management stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of C$11.89 per share, with a total value of C$267,525.00. Over the last ninety days, insiders purchased 89,700 shares of company stock valued at $1,033,992. 18.70% of the stock is currently owned by insiders.

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 of providing 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. What does AGF Management do?
AGF Management Limited provides a range of investment solutions, including:
• 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
• AGF Trust GICs
• Loans and mortgages

“The key to our success is our ability to deliver innovative investment solutions that meet the evolving needs of our clients and customers.” — [AGF Management Executive]

Key Takeaways

• AGF Management has a current average rating of “Moderate Buy” from analysts. • The average target price of AGF Management is C$12.63. • The company has a market capitalization of C$579.21 million. • The stock has a P/E ratio of 7.09 and a beta of 1.73.