Scotiabank Reiterates Their Hold Rating on AGF Management B NV (AGF.B)

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 (TSX: AGF.B). Today, analyst Phil Hardie gave a Hold rating to AGF.B and set a C$8 price target.

According to TipRanks.com, Hardie is ranked #1474 out of 4878 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AGF Management B NV with a C$7.25 average price target, which is a 17.1% upside from current levels. In a report issued on September 20, BMO Capital also reiterated a Hold rating on the stock with a C$7 price target.

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The company has a one-year high of C$8.47 and a one-year low of C$5.77. Currently, AGF Management B NV has an average volume of 85.76K.

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 Thursday at C$6.19, close to its 52-week low of C$5.77.