AGF Management B NV (AGF.B) Receives a Hold from BMO Capital

By Ryan Adsit

A Wall Street analyst has provided a rating update for the Financial sector company on March 22, while remaining neutral on the stock. AGF Management B NV (AGF.BResearch Report) received a Hold on March 22 from BMO Capital’s analyst Tom Mackinnon, with a C$6.50 price target.

According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 6.1% and a 62.8% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Sun Life Financial, and IGM Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AGF Management B NV with a C$6.63 average price target, implying a 20.8% 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$430M and has a P/E ratio of 5.8. The company has a Price to Book ratio of 0.44.

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$5.49.