RBC Capital Reaffirms Their Sell Rating on AGF Management B NV

By Jason Carr

Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. AGF Management B NV (TSX: AGF.B) received a Sell rating from RBC Capital’s analyst Geoffrey Kwan, with a C$7 price target.

According to TipRanks.com, Kwan is ranked #1573 out of 4600 analysts.

AGF Management B NV has an analyst consensus of Hold, with a price target consensus of C$6.81.

Based on AGF Management B NV’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of C$103 million and quarterly net profit of C$9.25 million. In comparison, last year the company earned revenue of C$111 million and had a net profit of C$9.54 million.

AGF Management Ltd. is an independent investment management firm which provides investment solutions with operations and investments in Canada, the United States, the United Kingdom, Ireland and Asia. The company’s products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF Management was founded by C. Warren Goldring and Allan Manford in 1957 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at $6.82, close to its 52-week high of $7.03.