AGF Management Limited (IS: AGF.B – Get a rating) AGF EMPLOYEE BENEFIT PLAN TRUST insider purchased 82,900 shares of the company in a trade dated Wednesday, July 13. The shares were acquired at an average price of CA$6.23 per share, for a total transaction of CA$516,467.00. Following the transaction, the insider now directly owns 934,781 shares of the company, valued at C$5,823,685.63.
AGF BENEFITS PLAN TRUST has also recently completed the following transaction(s):
- On Monday, July 11, AGF BENEFITS PLAN TRUST purchased 13,300 shares of AGF Management. The shares were acquired at an average price of CA$6.22 per share, for a total transaction of CA$82,726.00.
- On Thursday, July 7, AGF BENEFIT PLAN TRUST purchased 7,900 shares of AGF Management. The shares were acquired at an average price of CA$6.32 per share, for a total transaction of CA$49,896.40.
AGF Management trades up 2.1%
Shares of AGF.B shares opened at C$6.22 on Friday. The stock’s 50-day moving average is C$6.53 and its 200-day moving average is C$7.16. The company has a debt ratio of 8.16, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of C$425.06 million and a P/E ratio of 8.64. AGF Management Limited has a fifty-two week minimum of CA$5.96 and a fifty-two week maximum of CA$8.52.
Wall Street analysts predict growth
A number of brokerages have recently released reports on AGF.B. Royal Bank of Canada downgraded AGF Management from an “sector performance” rating to an “underperform” rating and lowered its target price for the company from CA$8.50 to CA$8.00 in a research report from Monday, April 25. Scotiabank lowered its price target on AGF Management from C$8.50 to C$7.75 in a Tuesday, June 14 research report. One equity research analyst rated the stock with a sell rating, two gave the company a hold rating and one gave the company a buy rating. According to MarketBeat data, AGF Management currently has an average rating of “Hold” and a consensus price target of C$8.15.
About AGF Management
AGF Management Limited is a public asset management holding company. Through its subsidiaries, the company provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies and mandates of sub-advisors. Through its subsidiaries, it manages client-focused equity, fixed-income and balanced mutual funds as well as client-focused equity, fixed-income and balanced portfolios.
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