AGF Management (TSE:AGF.B) Price Target Cut to C$21.00 by Analysts at Desjardins

AGF Management (TSE:AGF.B) had its price target dropped by equities researchers at Desjardins from C$23.00 to C$21.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 30.19% from the stock’s previous close.

Several other brokerages have also issued reports on AGF.B. TD lowered their target price on AGF Management from C$23.00 to C$20.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets decreased their price target on AGF Management from C$21.00 to C$19.00 in a research note on Thursday. Finally, Royal Bank Of Canada downgraded AGF Management from an “outperform” rating to a “sector perform” rating and set a C$23.00 price objective for the company. in a research report on Tuesday, September 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$19.46.

AGF Management Trading Down 3.6%

Shares of AGF Management stock traded down C$0.60 on Thursday, hitting C$16.13. The stock had a trading volume of 553,411 shares, compared to its average volume of 258,560. AGF Management has a twelve month low of C$13.33 and a twelve month high of C$24.20. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market capitalization of C$1.03 billion, a P/E ratio of 7.79, a PEG ratio of 1.18 and a beta of 1.18. The stock has a 50 day moving average of C$21.77 and a 200 day moving average of C$19.68.

AGF Management (TSE:AGF.B) last issued its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 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$126.70 million for the quarter. Sell-side analysts expect that AGF Management will post 1.5610119 earnings per share 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.