AGF Management (TSE:AGF.B) Hits New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Shares of AGF Management Limited (TSE:AGF.B – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$16.40 and last traded at C$16.35, with a volume of 58907 shares trading hands. The stock had previously closed at C$16.20.

Analyst Ratings Changes

A number of research firms have issued reports on AGF.B. TD Securities boosted their price objective on shares of AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Royal Bank Of Canada set a C$18.00 price target on AGF Management and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Desjardins lifted their price objective on AGF Management from C$16.50 to C$17.75 and gave the company a “buy” rating in a report on Thursday, September 25th. Scotiabank increased their target price on AGF Management from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, September 25th. Finally, BMO Capital Markets raised their price target on AGF Management from C$12.00 to C$15.00 in a research report on Tuesday, September 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.79.

View Our Latest Research Report on AGF Management

AGF Management Stock Performance

The company has a 50 day moving average of C$14.37 and a two-hundred day moving average of C$13.38. The company has a market capitalization of C$1.04 billion, a PE ratio of 9.79, a PEG ratio of 1.18 and a beta of 1.43. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

AGF Management (TSE:AGF.B – Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The business had revenue of C$107.50 million for the quarter. As a group, equities research analysts predict that AGF Management Limited will post 1.5610119 earnings per share for the current year.

About AGF Management

(Get Free Report)

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. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.

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