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

AGF Management (TSE:AGF.B) had its target price lowered by research analysts at BMO Capital Markets from C$21.00 to C$19.00 in a note issued to investors on Thursday, BayStreet reports. BMO Capital Markets’ price objective suggests a potential upside of 17.79% from the company’s current price.

Several other research firms also recently weighed in on AGF.B. Desjardins boosted their target price on shares of AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report 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 target for the company. in a research note on Tuesday, September 8th. Finally, TD cut their price objective on AGF Management from C$23.00 to C$20.00 and set a “buy” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$19.46.

AGF Management Stock Down 3.6%

Shares of AGF.B stock traded down C$0.60 during mid-day trading on Thursday, reaching C$16.13. 553,411 shares of the company were exchanged, compared to its average volume of 258,560. 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 business’s 50 day simple moving average is C$21.77 and its 200 day simple moving average is C$19.68. The company has a market capitalization of C$1.03 billion, a P/E ratio of 7.79, a P/E/G ratio of 1.18 and a beta of 1.18. AGF Management has a fifty-two week low of C$13.33 and a fifty-two week high of C$24.20.

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. The firm had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Research analysts predict 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.