Royal Bank Of Canada Downgrades AGF Management (TSE:AGF.B) to Sector Perform

AGF Management (TSE:AGF.B) was downgraded by Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday, BayStreet reports. They presently have a C$23.00 price objective on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 13.41% from the company’s previous close.

Other analysts also recently issued research reports about the company. Desjardins lifted their target price 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. TD boosted their price target on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$20.28.

AGF Management Trading Down 7.4%

TSE:AGF.B traded down C$1.62 during midday trading on Tuesday, reaching C$20.28. 548,523 shares of the stock traded hands, compared to its average volume of 254,840. AGF Management has a 12 month low of C$12.62 and a 12 month high of C$24.20. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a fifty day moving average of C$22.29 and a 200 day moving average of C$19.77. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 9.80, a PEG ratio of 1.18 and a beta of 1.18.

AGF Management (TSE:AGF.B) last released its earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The business had revenue of C$126.70 million for the quarter. On average, research analysts predict that AGF Management will post 1.5610119 EPS for the current year.

AGF Management Company Profile

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.