Desjardins Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price target increased by Desjardins from C$19.00 to C$20.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 1.52% from the stock’s current price.

AGF.B has been the topic of a number of other research reports. TD Securities increased their target price on AGF Management from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Scotiabank increased their price target on shares of AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a research report on Wednesday, January 28th. BMO Capital Markets raised their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Royal Bank Of Canada raised their price objective on AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, AGF Management currently has an average rating of “Moderate Buy” and an average price target of C$19.38.

AGF Management Stock Performance

AGF Management stock traded down C$0.53 during midday trading on Friday, reaching C$19.70. The stock had a trading volume of 86,688 shares, compared to its average volume of 183,913. AGF Management has a 12 month low of C$8.98 and a 12 month high of C$20.91. The firm’s 50-day moving average price is C$19.47 and its 200 day moving average price is C$16.59. The firm has a market capitalization of C$1.26 billion, a PE ratio of 10.31, a P/E/G ratio of 1.18 and a beta of 1.35. 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 (TSE:AGF.B) last announced its quarterly earnings results on Tuesday, January 27th. The company reported C$0.62 earnings per share for the quarter. The firm had revenue of C$120.30 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, research analysts predict that AGF Management will post 1.5610119 earnings per share 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.