AGF Management (TSE:AGF.B) Stock Price Expected to Rise, Desjardins Analyst Says

AGF Management (TSE:AGF.B) had its price objective upped by stock analysts at Desjardins from C$20.00 to C$22.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 9.24% from the company’s current price.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets upped 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. Scotia dropped their target price on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, AGF Management currently has an average rating of “Moderate Buy” and an average price target of C$19.46.

AGF Management Trading Up 5.4%

TSE:AGF.B traded up C$1.03 on Wednesday, reaching C$20.14. The stock had a trading volume of 441,077 shares, compared to its average volume of 238,438. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.18 and a beta of 1.31. 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’s fifty day moving average is C$17.28 and its two-hundred day moving average is C$17.60. AGF Management has a 12-month low of C$11.57 and a 12-month high of C$20.91.

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 company had revenue of C$95.30 million during the quarter. Equities analysts expect that AGF Management will post 1.5610119 EPS for the current fiscal 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.