RBC Capital Sticks to Their Hold Rating for AGF Management B NV (AGF.B)

By Jason Carr

AGF Management B NV (AGF.BResearch Report) has received a rating update from a Wall Street analyst today. Analyst Geoffrey Kwan from RBC Capital rated AGF Management B NV (AGF.BResearch Report) a Hold, setting a C$6 price target.

According to TipRanks.com, Kwan is a 3-star analyst with an average return of 3.5% and a 44.0% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, CI Financial Corp, and IGM Financial.

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

Based on AGF Management B NV’s latest earnings release for the quarter ending February 28, the company reported a quarterly GAAP net loss of C$208K. In comparison, last year the company had a net profit of C$16.98 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 Wednesday at C$5.27.