AGF Management Limited (TSE:AGF.B) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AGF Management Limited (TSE:AGF.B) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$19.18.

Several equities analysts recently commented on the stock. Desjardins boosted their price objective on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Scotia cut their price target on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. Royal Bank Of Canada boosted their price target on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Scotiabank boosted their price target 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, January 28th. Finally, TD Securities boosted their price target on shares of AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th.

AGF Management Price Performance

Shares of TSE:AGF.B opened at C$16.19 on Friday. The company has a 50 day moving average of C$18.76 and a 200 day moving average of C$16.82. The stock has a market cap of C$1.03 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.18 and a beta of 1.35. AGF Management has a 12 month low of C$10.30 and a 12 month high of C$20.91. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last issued its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$95.30 million during the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. As a group, sell-side analysts forecast that AGF Management will post 1.5610119 EPS for the current fiscal 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.