AGF Management (TSE:AGF.B) Reaches New 52-Week High – Still a Buy?

by · The Cerbat Gem

AGF Management Limited (TSE:AGF.B – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$16.24 and last traded at C$16.17, with a volume of 122646 shares. The stock had previously closed at C$16.01.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on AGF.B

AGF Management Stock Up 1.0%

The business has a 50 day moving average of C$14.17 and a two-hundred day moving average of C$13.26. The stock has a market capitalization of C$1.03 billion, a PE ratio of 9.68, a PEG ratio of 1.18 and a beta of 1.43. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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

AGF Management Company Profile

(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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