Royal Bank Of Canada Cuts AGF Management (TSE:AGF.B) Price Target to C$20.00

AGF Management (TSE:AGF.B) had its price target reduced by Royal Bank Of Canada from C$23.00 to C$20.00 in a research note issued to investors on Thursday,BayStreet reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets dropped their price objective on shares of AGF Management from C$21.00 to C$19.00 in a report on Thursday. TD reduced their target price on AGF Management from C$23.00 to C$20.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Desjardins lowered their price target on AGF Management from C$23.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, AGF Management presently has a consensus rating of “Hold” and a consensus target price of C$19.46.

AGF Management Stock Down 1.4%

TSE:AGF.B opened at C$15.85 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management has a twelve month low of C$13.33 and a twelve month high of C$24.20. The company has a market cap 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. The company’s 50 day moving average is C$21.49 and its two-hundred day moving average is C$19.62.

AGF Management (TSE:AGF.B) last posted its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share (EPS) for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The business had revenue of C$126.70 million during the quarter. Analysts anticipate 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.