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

Shares of AGF Management Limited (TSE:AGF.B) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$20.28.

Several equities research analysts recently weighed in on the stock. Scotia reduced their target price 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. TD boosted their price target on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, June 19th. Desjardins upped their price target on AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada raised their price objective on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th.

AGF Management Price Performance

TSE:AGF.B opened at C$23.17 on Tuesday. The stock has a market cap of C$1.47 billion, a P/E ratio of 11.19, a PEG ratio of 1.18 and a beta of 1.25. AGF Management has a one year low of C$11.57 and a one year high of C$24.20. The company has a fifty day moving average price of C$20.87 and a 200 day moving average price of C$19.19. 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 (TSE:AGF.B) last issued its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The firm had revenue of C$126.70 million during the quarter. Analysts anticipate 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.