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

Shares of AGF Management Limited (TSE:AGF.B) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$20.28.

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

AGF Management Price Performance

TSE AGF.B opened at C$22.49 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 company has a fifty day simple moving average of C$19.21 and a 200 day simple moving average of C$18.55. The company has a market cap of C$1.43 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.18 and a beta of 1.23. AGF Management has a 1 year low of C$11.57 and a 1 year high of C$23.41.

AGF Management (TSE:AGF.B) last announced its earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. The firm had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, sell-side analysts predict that AGF Management will post 1.5610119 EPS for the current 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.