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

Shares of AGF Management Limited (TSE:AGF.B) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$19.18.

A number of research firms have weighed in on AGF.B. Royal Bank Of Canada upped their price target on AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Desjardins upped their price target on AGF Management from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Scotiabank upped their price objective on AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research note on Wednesday, January 28th. TD Securities upped their price objective on AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets upped their price objective on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 8th.

AGF Management Trading Down 0.1%

TSE:AGF.B opened at C$17.29 on Thursday. AGF Management has a twelve month low of C$11.43 and a twelve month high of C$20.91. 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 business has a 50 day moving average price of C$17.79 and a two-hundred day moving average price of C$17.20. The company has a market cap of C$1.10 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 1.18 and a beta of 1.45.

AGF Management (TSE:AGF.B) last released its quarterly earnings results on Tuesday, April 14th. The company reported C$0.30 earnings per share 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$95.30 million during the quarter. As a group, analysts expect that AGF Management will post 1.5610119 EPS for the current fiscal 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.