Brokerages Set AGF Management Limited (TSE:AGF.B) Target Price at C$19.18

AGF Management Limited (TSE:AGF.B) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$19.18.

A number of research analysts recently commented on AGF.B shares. TD Securities raised their price objective on shares of AGF Management from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Scotiabank raised their price objective on shares of AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a research note on Wednesday, January 28th. 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 research report on Wednesday, April 15th. Royal Bank Of Canada lifted 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. Finally, Desjardins lifted their price target 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, April 10th.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$17.37 on Friday. The firm’s 50 day moving average is C$18.55 and its two-hundred day moving average is C$16.90. AGF Management has a 52 week low of C$10.90 and a 52 week high of C$20.91. The firm has a market capitalization of C$1.11 billion, a P/E ratio of 10.10, a PEG ratio of 1.18 and a beta of 1.45. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The business had revenue of C$95.30 million for the quarter. Analysts anticipate that AGF Management will post 1.5610119 earnings per share for the current year.

AGF Management Company Profile

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.