AGF Management (TSE:AGF.B) Sets New 52-Week High – Here’s What Happened

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$23.37 and last traded at C$23.31, with a volume of 232349 shares trading hands. The stock had previously closed at C$22.92.

Analyst Upgrades and Downgrades

AGF.B has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price objective on shares of AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Scotia lowered their target price on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Wednesday, April 15th. TD increased their target price on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, June 19th. BMO Capital Markets lifted their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 8th. Finally, Desjardins boosted their price target on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, AGF Management presently has an average rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Stock Up 1.7%

The business has a 50 day moving average of C$19.68 and a 200-day moving average of C$18.73. The stock has a market cap of C$1.48 billion, a PE ratio of 11.26, a P/E/G ratio of 1.18 and a beta of 1.23. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last released its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The company had revenue of C$126.70 million for the quarter. Equities research analysts predict that AGF Management Limited will post 1.5610119 EPS 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.