AGF Management B NV (AGF.B) Gets a Hold Rating from RBC Capital

By Carrie Williams

AGF Management B NV (AGF.BResearch Report), the Financial sector company, was revisited by a Wall Street analyst today. RBC Capital’s analyst Geoffrey Kwan reiterates their Hold rating on the shares, with a C$5.75 price target.

According to TipRanks.com, Kwan is a 3-star analyst with an average return of 1.0% and a 41.6% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.

Currently, the analyst consensus on AGF Management B NV is a Moderate Buy with an average price target of C$6.50.

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$4.74, close to its 52-week low of C$4.27.