A Wall Street analyst has provided a rating update for the Financial sector company today, while remaining neutral on the stock. Analyst Tom Mackinnon from BMO Capital reiterated a Hold rating on AGF Management B NV (AGF.B), with a C$6.50 price target.
According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 6.5% and a 65.1% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Sun Life Financial, and IGM Financial.
AGF Management B NV has an analyst consensus of Moderate Buy, with a price target consensus of C$6.67, implying a 22.6% upside from current levels. In a report issued on March 22, CIBC also maintained a Hold rating on the stock with a C$6.50 price target.
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AGF Management B NV’s market cap is currently C$427.7M and has a P/E ratio of 5.8. The company has a Price to Book ratio of 0.48.
AGF Management Ltd. is a diversified global asset management firm, which offers investment solutions to a wide range of clients, from individual investors and financial advisors to institutions, including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
The company’s shares closed on Friday at C$5.44.
