Desjardins Cuts AGF Management (TSE:AGF.B) Price Target to C$21.00

AGF Management (TSE:AGF.B) had its target price decreased by Desjardins from C$23.00 to C$21.00 in a research note released on Thursday,BayStreet reports. Desjardins currently has a buy rating on the stock.

A number of other analysts have also issued reports on the stock. TD lowered their target price on shares of AGF Management from C$23.00 to C$20.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank Of Canada downgraded shares of AGF Management from an “outperform” rating to a “sector perform” rating and set a C$23.00 price target on the stock. in a research note on Tuesday, September 8th. Finally, BMO Capital Markets decreased their price objective on shares of AGF Management from C$21.00 to C$19.00 in a report on Thursday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$19.46.

AGF Management Price Performance

AGF.B opened at C$15.85 on Thursday. The business has a fifty day moving average of C$21.49 and a 200 day moving average of C$19.62. AGF Management has a 52-week low of C$13.33 and a 52-week high of C$24.20. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock has a market cap of C$1.00 billion, a P/E ratio of 7.44, a PEG ratio of 1.18 and a beta of 1.18.

AGF Management (TSE:AGF.B) last released its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The business had revenue of C$126.70 million for the quarter. As a group, sell-side 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.