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

Shares of AGF Management Limited (TSE:AGF.B) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$19.18.

AGF.B has been the topic of a number of analyst reports. Scotia lowered their price objective on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Desjardins lifted their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, BMO Capital Markets lifted their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Wednesday, April 8th.

AGF Management Stock Performance

TSE AGF.B opened at C$17.29 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. AGF Management has a 52-week low of C$11.57 and a 52-week high of C$20.91. The business’s 50-day moving average price is C$17.62 and its 200 day moving average price is C$17.32. The firm has a market cap of C$1.10 billion, a P/E ratio of 10.05, a P/E/G 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 (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$95.30 million for the quarter. On average, equities research analysts expect 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.