Analysts Set AGF Management Limited (TSE:AGF.B) Target Price at C$19.38

AGF Management Limited (TSE:AGF.B) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$19.38.

A number of research firms have commented on AGF.B. BMO Capital Markets boosted their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Wednesday. Scotiabank lifted their price objective on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research note on Wednesday, January 28th. TD Securities lifted their price objective on shares of AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada lifted their price objective on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Desjardins lifted their target price on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday.

AGF Management Trading Down 2.0%

Shares of TSE:AGF.B opened at C$19.83 on Wednesday. The company has a market cap of C$1.27 billion, a PE ratio of 10.38, a P/E/G ratio of 1.18 and a beta of 1.35. The company’s 50-day moving average price is C$19.51 and its 200 day moving average price is C$16.62. AGF Management has a fifty-two week low of C$8.98 and a fifty-two week high of C$20.91. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last released its quarterly earnings results on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The company had revenue of C$120.30 million for the quarter. Sell-side analysts anticipate that AGF Management will post 1.5610119 earnings per share 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.