Barclays Thinks AGF Management B NV’s Stock is Going to Recover


AGF Management B NV (AGF.B), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Barclays’ analyst John Aiken reiterates their Buy rating on the shares, with a C$6 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.2% and a 38.2% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AGF Management B NV with a C$6 average price target.

AGF Management B NV’s market cap is currently C$380.3M and has a P/E ratio of 5. The company has a Price to Book ratio of 0.39.

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 Monday at C$4.83, close to its 52-week low of C$4.27.