Royal Bank Of Canada Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its price target boosted by Royal Bank Of Canada from C$21.00 to C$23.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 15.52% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Desjardins lifted their price objective on AGF Management from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. BMO Capital Markets increased 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, April 8th. TD boosted their target price on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, June 19th. Finally, Scotia cut their target price 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. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Price Performance

TSE:AGF.B traded up C$0.27 during trading hours on Thursday, reaching C$19.91. 254,290 shares of the company were exchanged, compared to its average volume of 241,109. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The stock’s 50-day moving average is C$17.24 and its 200-day moving average is C$17.83. The firm has a market cap of C$1.27 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. AGF Management has a twelve month low of C$11.57 and a twelve month high of C$21.30.

AGF Management (TSE:AGF.B) last announced its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share (EPS) for the quarter. The business had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, sell-side analysts anticipate that AGF Management will post 1.5610119 earnings per share for the current fiscal 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.