Desjardins Remains a Buy on AGF Management B NV (AGF.B)

By Ryan Adsit

A Wall Street analyst has provided a review for the Financial company on October 24, but retained the same rating on the stock. Analyst Gary Ho from Desjardins rated AGF Management B NV (TSX: AGF.B) a Buy on October 24, setting a C$8 price target.

Ho has an average return of 11.2% when recommending AGF Management B NV.

According to TipRanks.com, Ho is ranked #1566 out of 4884 analysts.

Currently, the analyst consensus on AGF Management B NV is a Moderate Buy with an average price target of C$7.15.

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$12.33 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 Friday at C$5.38, close to its 52-week low of C$5.10.