Desjardins Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its target price upped by investment analysts at Desjardins from C$19.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 0.86% from the company’s previous close.

Several other brokerages have also commented on AGF.B. Royal Bank Of Canada upped their price target 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. BMO Capital Markets upped 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 upped their price target 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. Finally, TD Securities boosted 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. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.38.

AGF Management Stock Performance

TSE:AGF.B opened at C$19.83 on Friday. AGF Management has a 1-year low of C$8.98 and a 1-year high of C$20.91. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The firm has a 50 day simple moving average of C$19.51 and a 200-day simple moving average of C$16.64. The firm 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.

AGF Management (TSE:AGF.B) last issued 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 firm had revenue of C$120.30 million during the quarter. On average, equities analysts expect 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.