AGF Management Limited (TSE:AGF.B) Given Average Rating 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 research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$20.03.

AGF.B has been the topic of a number of research reports. Scotia reduced their target price 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 report on Wednesday, April 15th. Desjardins raised their target price on shares of AGF Management from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. TD raised 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 report on Friday. Finally, BMO Capital Markets raised 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 report on Wednesday, April 8th.

AGF Management Stock Performance

AGF Management stock opened at C$20.24 on Monday. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management has a 1-year low of C$11.57 and a 1-year high of C$20.91. The firm has a market capitalization of C$1.29 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The company’s 50-day moving average is C$17.26 and its 200 day moving average is C$17.72.

AGF Management (TSE:AGF.B) last issued its earnings results on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. The business had revenue of C$95.30 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Research analysts forecast 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.