AGF Management Limited (TSE:AGF.B) Receives Average Recommendation of “Hold” from Brokerages

AGF Management Limited (TSE:AGF.B) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$19.46.

AGF.B has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on AGF Management from C$21.00 to C$19.00 in a research note on Thursday, September 24th. Royal Bank Of Canada dropped their price objective on AGF Management from C$23.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th. TD reduced their price objective on AGF Management from C$23.00 to C$20.00 and set a “buy” rating for the company in a report on Thursday, September 24th. Finally, Desjardins decreased their target price on AGF Management from C$23.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th.

AGF Management Price Performance

Shares of TSE AGF.B opened at C$15.37 on Wednesday. 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$13.33 and a 52 week high of C$24.20. The firm has a 50-day moving average price of C$20.77 and a 200 day moving average price of C$19.51. The stock has a market capitalization of C$972.15 million, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18.

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.