AGF Management B NV (AGF.B) Receives a Hold from CIBC

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, AGF Management B NV (AGF.BResearch Report). Today, analyst Paul Holden gave a Hold rating to AGF.B and set a C$6.50 price target.

According to TipRanks.com, Holden is a 3-star analyst with an average return of 3.5% and a 54.9% success rate. Holden covers the Financial sector, focusing on stocks such as Macquarie Infrastructure Company, Fairfax Financial Holdings, and Sun Life Financial.

Currently, the analyst consensus on AGF Management B NV is a Moderate Buy with an average price target of C$6.46.

Based on AGF Management B NV’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of C$15.1 million. In comparison, last year the company had a net profit of C$21.52 million.

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$5.52.