AGF Management (TSE:AGF.B) Price Target Lowered to C$6.00 at Royal Bank of Canada

AGF Management (TSE:AGF.B) had its price objective reduced by equities researchers at Royal Bank of Canada from C$6.50 to C$6.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 13.85% from the stock’s previous close.

A number of other research analysts have also issued reports on AGF.B. Ci Capital reduced their target price on shares of AGF Management from C$6.50 to C$6.00 in a report on Thursday, March 28th. CIBC upped their price objective on shares of AGF Management from C$6.00 to C$6.50 in a research note on Friday, March 22nd. Finally, BMO Capital Markets set a C$6.50 price objective on shares of AGF Management and gave the company a “market perform” rating in a research note on Friday, March 29th.

TSE:AGF.B traded down C$0.09 on Wednesday, reaching C$5.27. The stock had a trading volume of 105,286 shares, compared to its average volume of 102,980. AGF Management has a 12-month low of C$5.82 and a 12-month high of C$8.47.

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 5,293 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$5.78, for a total transaction of C$30,593.54. Following the completion of the transaction, the insider now owns 392,092 shares of the company’s stock, valued at approximately C$2,266,291.76.

About AGF Management

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.

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