AGF Management Limited (TSE:AGF.B) Stock Has Consensus Target Price of C$19.46

AGF Management Limited (TSE:AGF.B) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$19.46.

A number of analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of AGF Management from C$21.00 to C$19.00 in a report on Thursday, September 24th. Desjardins lowered their target price on AGF Management from C$23.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday, September 24th. TD reduced their price objective on AGF Management from C$23.00 to C$20.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Finally, Royal Bank Of Canada lowered their price objective on AGF Management from C$23.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Thursday, September 24th.

AGF Management Stock Performance

Shares of AGF.B opened at C$14.65 on Friday. The firm has a market cap of C$926.61 million, a price-to-earnings ratio of 6.88, a PEG ratio of 1.18 and a beta of 1.41. 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 business’s 50 day moving average is C$17.59 and its two-hundred day moving average is C$18.87. AGF Management has a 52-week low of C$13.36 and a 52-week high of C$24.20.

AGF Management (TSE:AGF.B) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported C$0.49 EPS 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$112.50 million during the quarter. Analysts forecast that AGF Management will post 1.56 EPS for the current fiscal 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.