AGF Management Limited (TSE:AGF.B) Receives C$20.28 Average Price Target from Brokerages

Shares of AGF Management Limited (TSE:AGF.B) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$20.28.

Several brokerages recently commented on AGF.B. BMO Capital Markets boosted their price objective on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. TD raised their price target on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, June 19th. Desjardins raised their price target on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Scotia decreased their price target on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada increased their price objective on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th.

AGF Management Stock Up 0.2%

Shares of TSE AGF.B opened at C$22.89 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The company has a market cap of C$1.46 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.18 and a beta of 1.23. AGF Management has a 52 week low of C$11.57 and a 52 week high of C$23.41. The business has a 50-day simple moving average of C$18.98 and a two-hundred day simple moving average of C$18.46.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The firm had revenue of C$126.70 million for the quarter. Research analysts anticipate that AGF Management will post 1.5610119 earnings per share for the current fiscal 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.