Scotiabank Trims AGF Management (TSE:AGF.B) Target Price to C$8.50

AGF Management (TSE:AGF.BGet Rating) had its price target cut by Scotiabank from C$10.00 to C$8.50 in a research note published on Tuesday morning, BayStreet.CA reports.

A number of other research firms have also recently weighed in on AGF.B. Barclays lowered their target price on shares of AGF Management from C$9.00 to C$7.50 and set an equal wight rating on the stock in a research note on Wednesday, January 26th. Royal Bank of Canada cut shares of AGF Management from a sector perform rating to an underperform rating and lowered their target price for the company from C$8.50 to C$8.00 in a research note on Monday, April 25th. Finally, TD Securities lowered their target price on shares of AGF Management from C$9.50 to C$9.00 and set a buy rating on the stock in a research note on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of C$8.30.

TSE AGF.B opened at C$7.05 on Tuesday. The stock has a market cap of C$487.25 million and a P/E ratio of 12.82. The company’s 50-day simple moving average is C$7.40 and its 200 day simple moving average is C$7.70. AGF Management has a twelve month low of C$6.80 and a twelve month high of C$8.52. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.21.

AGF Management Company Profile (Get Rating)

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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