AGF Management Limited (TSE:AGF.B) Given Average Rating of “Moderate Buy” by Analysts

Shares of AGF Management Limited (TSE:AGF.B) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$20.28.

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

AGF Management Stock Down 0.8%

Shares of TSE:AGF.B opened at C$22.84 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The stock has a fifty day simple moving average of C$18.87 and a two-hundred day simple moving average of C$18.42. AGF Management has a 12-month low of C$11.57 and a 12-month high of C$23.41. The stock has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.18 and a beta of 1.23.

AGF Management (TSE:AGF.B) last released its earnings results on Wednesday, June 24th. The company reported C$0.72 EPS 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. On average, 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.