AGF Management (TSE:AGF.B) Price Target Raised to C$22.00

AGF Management (TSE:AGF.B) had its price target hoisted by Royal Bank Of Canada from C$18.00 to C$22.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Desjardins increased their price target on AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday. Scotiabank upped their target price on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, TD Securities raised their target price on shares of AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$18.54.

AGF Management Stock Performance

TSE:AGF.B opened at C$18.15 on Wednesday. The company has a fifty day simple moving average of C$16.06 and a two-hundred day simple moving average of C$14.21. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.62. 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 52 week low of C$8.65 and a 52 week high of C$18.63.

AGF Management (TSE:AGF.B) last announced its quarterly earnings data on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$107.50 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, equities analysts anticipate that AGF Management will post 1.5610119 earnings per share for the current fiscal year.

About AGF Management

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.