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

AGF Management (TSE:AGF.B) had its target price hoisted by investment analysts at Royal Bank Of Canada from C$21.00 to C$23.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.52% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets upped their price objective on 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. Scotia cut their target price on 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. Desjardins increased their price target on shares of AGF Management from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, 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. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$20.28.

AGF Management Stock Up 1.4%

Shares of TSE AGF.B traded up C$0.27 during midday trading on Thursday, reaching C$19.91. 254,290 shares of the company’s stock traded hands, compared to its average volume of 241,109. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.18 and a beta of 1.31. The stock’s 50 day simple moving average is C$17.24 and its 200-day simple moving average is C$17.83. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a one year low of C$11.57 and a one year high of C$21.30.

AGF Management (TSE:AGF.B) last issued its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. The company had revenue of C$126.70 million during the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, analysts predict 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.