In a new note to investors yesterday, an analyst has provided a rating update for AGF Management B NV (AGF.B). Analyst Paul Holden from CIBC reiterated a Hold rating, with a C$6 price target.
According to TipRanks.com, Holden is a 3-star analyst with an average return of 0.8% and a 49.0% success rate. Holden covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial Corp, and Sun Life Financial.
AGF Management B NV has an analyst consensus of Moderate Buy, with a price target consensus of C$6.08, implying a 13.6% upside from current levels. In a report issued on January 15, RBC Capital also maintained a Hold rating on the stock with a C$5.75 price target.
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Based on AGF Management B NV’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of C$20.67 million. In comparison, last year the company had a net profit of C$17.2 million.
AGF Management Ltd. is a diversified global asset management firm, which engages in the retail, institutional, and alternative businesses. The firm provides investment management with operations and investments in North America, Europe, and Asia. Its products include a diversified mutual funds, mutual fund wrap programs, and pooled funds.
The company’s shares closed on Wednesday at C$5.35.
