Insider Buying: AGF Management Limited (TSE:AGF.B) Director Acquires 3,160 Shares of Stock

AGF Management Limited (TSE:AGF.B) Director Cybele Negris acquired 3,160 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average price of C$7.90 per share, with a total value of C$24,964.00.

AGF Management Stock Down 1.9 %

TSE AGF.B traded down C$0.15 on Tuesday, reaching C$7.88. The company had a trading volume of 45,494 shares, compared to its average volume of 73,897. The firm has a market capitalization of C$503.37 million, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.79. AGF Management Limited has a 1-year low of C$6.30 and a 1-year high of C$9.05. The company’s fifty day moving average is C$8.11 and its 200-day moving average is C$7.64. The company has a debt-to-equity ratio of 8.26, a quick ratio of 1.75 and a current ratio of 1.39.

Analysts Set New Price Targets

AGF.B has been the subject of several recent analyst reports. CIBC increased their price objective on AGF Management from C$11.00 to C$14.00 in a research note on Friday, April 5th. Royal Bank of Canada upped their price objective on shares of AGF Management from C$9.00 to C$10.00 in a research note on Friday, April 5th. BMO Capital Markets increased their price target on AGF Management from C$8.50 to C$9.00 in a research report on Friday, April 5th. TD Securities raised their target price on AGF Management from C$9.50 to C$10.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Jefferies Financial Group upped their target price on shares of AGF Management from C$10.00 to C$11.00 in a research report on Sunday, April 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$10.75.

AGF Management Company Profile

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.