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

Key Points

• Desjardins raised its price target on AGF Management from C$19.00 to C$20.00 and kept a "buy" rating, while other brokers also lifted targets (RBC to C$22.00), leaving a MarketBeat consensus of "Moderate Buy" with a C$19.38 price target.
• Shares dipped about 2.6% to C$19.70 on the session with 86,688 shares traded; AGF has a market cap of C$1.26 billion, a PE of 10.31, reported C$0.62 EPS for the quarter, and a 52‑week range of C$8.98–C$20.91.

AGF Management (TSE:AGF.B - Get Free Report) had its price objective raised by research analysts at Desjardins from C$19.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 1.52% from the company's previous close.

A number of other brokerages have also recently commented on AGF.B. BMO Capital Markets raised their price target on AGF Management from C$19.00 to C$20.00 and gave the stock a "market perform" rating in a research report on Wednesday. Scotiabank lifted their target price on 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. Royal Bank Of Canada boosted their target price on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 28th. Finally, TD Securities boosted their price target on AGF Management from C$18.00 to C$20.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$19.38.

AGF Management Stock Down 2.6%

Shares of TSE:AGF.B traded down C$0.53 during midday trading on Friday, reaching C$19.70. 86,688 shares of the company were exchanged, compared to its average volume of 183,913. The firm has a market cap 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 stock has a fifty day simple moving average of C$19.47 and a two-hundred day simple moving average of C$16.59. 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 has a fifty-two week low of C$8.98 and a fifty-two week high of C$20.91.

AGF Management (TSE:AGF.B - Get Free Report) last released its earnings results on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The firm had revenue of C$120.30 million for the quarter. As a group, sell-side analysts forecast that AGF Management will post 1.5610119 earnings per share for the current 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.

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