CIBC Remains a Hold on AGF Management B NV (AGF.B)

By Ryan Adsit

A Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. AGF Management B NV (AGF.BResearch Report) received a Hold rating from CIBC’s analyst Paul Holden, with a C$5.50 price target.

According to TipRanks.com, Holden is a 2-star analyst with an average return of 0.3% and a 41.7% success rate. Holden covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial Corp, and Sun Life Financial.

AGF Management B NV has an analyst consensus of Moderate Buy, with a price target consensus of C$6.82.

AGF Management B NV’s market cap is currently C$380.3M and has a P/E ratio of 5. The company has a Price to Book ratio of 0.39.

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$4.82, close to its 52-week low of C$4.69.