AGF Management (TSE:AGF.B) Given New C$23.00 Price Target at Desjardins

AGF Management (TSE:AGF.B) had its price objective upped by stock analysts at Desjardins from C$22.00 to C$23.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 15.52% from the stock’s previous close.

Other analysts have also recently issued reports about the company. TD increased their price objective 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. Royal Bank Of Canada boosted their target price on AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday. Scotia cut their price target on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. Finally, BMO Capital Markets increased their price target on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.28.

AGF Management Stock Performance

TSE AGF.B traded up C$0.27 during trading on Thursday, reaching C$19.91. The company’s stock had a trading volume of 254,290 shares, compared to its average volume of 241,109. The business’s fifty day moving average price is C$17.24 and its 200-day moving average price is C$17.83. AGF Management has a twelve month low of C$11.57 and a twelve month high of C$21.30. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market cap of C$1.27 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.18 and a beta of 1.31.

AGF Management (TSE:AGF.B) last released its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share (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%. As a group, analysts anticipate that AGF Management will post 1.5610119 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.