AGF Management B NV (AGF.B), the Financial sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Desjardins’ analyst Douglas Young reiterates their Buy rating on the shares, with a C$7 price target.
According to TipRanks.com, Young is a 3-star analyst with an average return of 1.5% and a 45.6% success rate. Young 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$6.79 average price target.
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 Tuesday at C$4.50, close to its 52-week low of C$4.27.
