AGF Management (TSE:AGF.B) Price Target Raised to C$18.00

AGF Management (TSE:AGF.B) had its price target hoisted by TD Securities from C$17.00 to C$18.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on AGF.B. Scotiabank lifted their target price on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. Desjardins raised their price target on shares of AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a report on Thursday, September 25th. BMO Capital Markets upped their price objective on shares of AGF Management from C$12.00 to C$15.00 in a research note on Tuesday, September 16th. Finally, Jefferies Financial Group increased their target price on shares of AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$16.55.

AGF Management Stock Performance

Shares of AGF.B stock opened at C$14.25 on Tuesday. The company has a market capitalization of C$907.08 million, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.18 and a beta of 1.43. AGF Management has a 1-year low of C$8.65 and a 1-year high of C$15.30. 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 fifty day simple moving average is C$13.78 and its 200-day simple moving average is C$12.54.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.