AGF Management (TSE:AGF.B) Stock Price Expected to Rise, Desjardins Analyst Says

AGF Management (TSE:AGF.B – Get Free Report) had its price target hoisted by research analysts at Desjardins from C$22.00 to C$23.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 15.52% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets boosted their target price 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. TD boosted their price objective on shares of 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. Royal Bank Of Canada upped their target price on shares of AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Scotia reduced their price target on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$20.28.

Get AGF Management alerts:

Get Our Latest Stock Analysis on AGF Management

AGF Management Stock Up 1.4%

Shares of AGF.B traded up C$0.27 during midday trading on Thursday, reaching C$19.91. The stock had a trading volume of 254,290 shares, compared to its average volume of 241,109. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.18 and a beta of 1.31. The company’s fifty day simple moving average is C$17.24 and its two-hundred day simple moving average is C$17.83. AGF Management has a 1-year low of C$11.57 and a 1-year high of C$21.30. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

AGF Management (TSE:AGF.B – Get Free Report) last posted its earnings results 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 return on equity of 7.64% and a net margin of 16.58%. Equities research analysts expect that AGF Management will post 1.5610119 earnings per share for the current year.

About AGF Management

(Get Free Report)

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.

See Also

• Five stocks we like better than AGF Management
• MDA Space Targets US Defense Market With $620M Acquisition
• Carnival’s Second Quarter: Is the Stock Still Complicated?
• Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
• Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal

Receive News & Ratings for AGF Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGF Management and related companies with MarketBeat.com's FREE daily email newsletter.