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 Friday . The company traded as high as C$14.90 and last traded at C$14.62, with a volume of 101340 shares trading hands. The stock had previously closed at C$14.49.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AGF.B shares. TD Securities boosted their target price on AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Jefferies Financial Group boosted their price objective on AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. BMO Capital Markets increased their price target on shares of AGF Management from C$12.00 to C$15.00 in a research note on Tuesday, September 16th. Scotiabank lifted their price target on shares of AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Finally, Desjardins increased their price objective on AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, AGF Management currently has an average rating of “Moderate Buy” and an average target price of C$16.55.

Check Out Our Latest Stock Analysis on AGF.B

AGF Management Price Performance

The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock’s 50 day moving average price is C$14.01 and its two-hundred day moving average price is C$13.01. The firm has a market capitalization of C$928.73 million, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.18 and a beta of 1.43.

AGF Management (TSE:AGF.B – Get Free Report) last issued its earnings results on Wednesday, September 24th. The company reported C$0.46 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$107.50 million for the quarter. Analysts anticipate that AGF Management Limited will post 1.5610119 EPS for the current fiscal 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.

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