BMO Capital Markets Cuts AGF Management (TSE:AGF.B) Price Target to C$19.00

AGF Management (TSE:AGF.B) had its price objective lowered by BMO Capital Markets from C$21.00 to C$19.00 in a research note released on Thursday morning,BayStreet reports.

Other research analysts also recently issued research reports about the company. Desjardins raised their price objective on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada downgraded AGF Management from an “outperform” rating to a “sector perform” rating and set a C$23.00 price objective for the company. in a research note on Tuesday, September 8th. Finally, TD reduced their target price on shares of AGF Management from C$23.00 to C$20.00 and set a “buy” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, AGF Management currently has an average rating of “Hold” and an average target price of C$19.46.

AGF Management Trading Down 1.4%

Shares of AGF Management stock opened at C$15.85 on Thursday. AGF Management has a 1-year low of C$13.33 and a 1-year high of C$24.20. The company’s fifty day simple moving average is C$21.49 and its 200-day simple moving average is C$19.62. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock has a market capitalization of C$1.00 billion, a PE ratio of 7.44, a P/E/G ratio of 1.18 and a beta of 1.18.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data 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 firm had revenue of C$126.70 million during the quarter. As a group, equities 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.