AGF Management (TSE:AGF.B) Given New C$20.00 Price Target at BMO Capital Markets

AGF Management (TSE:AGF.B) had its price objective lifted by BMO Capital Markets from C$19.00 to C$20.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

AGF.B has been the topic of a number of other reports. Desjardins raised their target price on shares of AGF Management from C$18.50 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Scotiabank raised their target price on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada raised their target price on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, TD Securities raised their target price on shares of AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$19.38.

AGF Management Stock Performance

Shares of TSE:AGF.B opened at C$20.73 on Wednesday. The firm has a market cap of C$1.33 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The firm’s 50 day simple moving average is C$19.44 and its 200-day simple moving average is C$16.56. AGF Management has a one year low of C$8.85 and a one year high of C$20.91. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

AGF Management (TSE:AGF.B) last issued its earnings results on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. The business had revenue of C$120.30 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. As a group, equities analysts predict that AGF Management will post 1.5610119 EPS for the current year.

About AGF Management

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.