TD Securities Trims AGF Management (OTCMKTS:AGFMF) Target Price to C$7.50

AGF Management (OTCMKTS:AGFMFGet Rating) had its price target cut by stock analysts at TD Securities from C$8.00 to C$7.50 in a report released on Thursday, The Fly reports.

A number of other research analysts have also weighed in on AGFMF. Barclays raised their target price on shares of AGF Management from C$7.50 to C$8.00 in a research note on Friday, March 25th. Desjardins dropped their target price on shares of AGF Management from C$10.75 to C$9.00 in a report on Friday, June 17th. Scotiabank dropped their price target on shares of AGF Management from C$8.50 to C$7.75 in a research note on Tuesday, June 14th. Finally, Royal Bank of Canada cut shares of AGF Management from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.17.

Shares of OTCMKTS:AGFMF traded up $0.11 during trading on Thursday, reaching $4.86. 400 shares of the company’s stock traded hands, compared to its average volume of 874. AGF Management has a fifty-two week low of $4.75 and a fifty-two week high of $6.95. The company has a 50-day simple moving average of $5.43 and a 200-day simple moving average of $5.74.

About AGF Management (Get Rating)

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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