Brokerages Set AGF Management Limited (TSE:AGF.B) Target Price at C$20.28

Shares of AGF Management Limited (TSE:AGF.B) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$20.28.

AGF.B has been the topic of several research reports. Royal Bank Of Canada upped their price target on shares of AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. BMO Capital Markets increased 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. TD lifted their price target on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, June 19th. Desjardins boosted their price target 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. Finally, Scotia reduced their price target on 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.

AGF Management Trading Down 0.1%

Shares of TSE:AGF.B opened at C$22.75 on Friday. AGF Management has a 12-month low of C$11.57 and a 12-month high of C$23.41. The business has a 50 day moving average of C$19.45 and a 200-day moving average of C$18.64. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock has a market cap of C$1.45 billion, a PE ratio of 10.99, a P/E/G ratio of 1.18 and a beta of 1.23.

AGF Management (TSE:AGF.B) last announced its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The company had revenue of C$126.70 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 research analysts forecast that AGF Management will post 1.5610119 earnings per share 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.