Scotiabank Cuts AGF Management (TSE:AGF.B) Price Target to C$4.25

AGF Management (TSE:AGF.B) had its target price cut by Scotiabank from C$8.00 to C$4.25 in a research report report published on Tuesday morning, BayStreet.CA reports.

AGF.B has been the topic of several other research reports. TD Securities boosted their target price on AGF Management from C$7.00 to C$7.50 and gave the company a hold rating in a research note on Thursday, January 23rd. BMO Capital Markets cut their target price on AGF Management from C$7.50 to C$4.00 in a research note on Monday. Finally, Royal Bank of Canada boosted their target price on AGF Management from C$7.00 to C$7.50 and gave the company a sector perform rating in a research note on Thursday, January 23rd.

TSE AGF.B opened at C$3.14 on Tuesday. The stock has a market capitalization of $255.18 million and a price-to-earnings ratio of 5.23. The stock’s 50 day moving average price is C$5.67 and its two-hundred day moving average price is C$6.04. The company has a debt-to-equity ratio of 22.41, a quick ratio of 1.30 and a current ratio of 3.09. AGF Management has a 52 week low of C$2.54 and a 52 week high of C$7.26.

About AGF Management

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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