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

Shares of AGF Management Limited (TSE:AGF.B) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$20.28.

Several brokerages have recently weighed in on AGF.B. Royal Bank Of Canada upped their target price on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Desjardins raised their target price on AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, TD boosted their price target on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, June 19th.

AGF Management Stock Performance

Shares of TSE:AGF.B opened at C$21.90 on Friday. AGF Management has a 12 month low of C$12.52 and a 12 month high of C$24.20. The business has a 50-day moving average of C$22.25 and a two-hundred day moving average of C$19.75. 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 firm has a market capitalization of C$1.39 billion, a PE ratio of 10.58, a P/E/G ratio of 1.18 and a beta of 1.25.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The firm had revenue of C$126.70 million during the quarter. As a group, research analysts forecast that AGF Management will post 1.5610119 earnings per share 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.