Royal Bank Of Canada Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its price objective upped by investment analysts at Royal Bank Of Canada from C$18.00 to C$22.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 18.41% from the company’s current price.

AGF.B has been the topic of several other research reports. Desjardins raised their target price on shares of AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank boosted their target price on AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, TD Securities increased their price target on AGF Management from C$17.00 to C$18.00 in a research note on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGF Management presently has an average rating of “Moderate Buy” and a consensus target price of C$18.54.

AGF Management Stock Up 1.3%

AGF.B opened at C$18.58 on Wednesday. The stock’s 50 day moving average price is C$15.97 and its 200 day moving average price is C$14.17. 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 stock has a market cap of C$1.18 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.18 and a beta of 1.62. AGF Management has a 12 month low of C$8.65 and a 12 month high of C$18.63.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$107.50 million during the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, research analysts predict that AGF Management will post 1.5610119 earnings per share for the current year.

About AGF Management

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.