AGF Management (OTCMKTS:AGFMF) Given New C$7.50 Price Target at BMO Capital Markets

AGF Management (OTCMKTS:AGFMF – Get Rating) had its target price dropped by stock analysts at BMO Capital Markets from C$8.50 to C$7.50 in a report released on Thursday, The Fly reports.

A number of other research firms have also recently issued reports on AGFMF. Desjardins lowered their target price on AGF Management from C$10.75 to C$9.00 in a research note on Friday, June 17th. Scotiabank increased their target price on AGF Management from C$7.75 to C$8.00 in a research note on Thursday. Royal Bank of Canada cut AGF Management from a “sector perform” rating to an “underperform” rating in a research note on Monday, April 25th. Barclays increased their target price on AGF Management from C$7.50 to C$8.00 in a research note on Friday, March 25th. Finally, TD Securities lowered their target price on AGF Management from C$8.00 to C$7.50 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.17.

Shares of AGFMF stock traded up $0.11 on Thursday, reaching $4.86. The company had a trading volume of 400 shares, compared to its average volume of 874. The company has a 50-day moving average of $5.43 and a 200-day moving average of $5.74. AGF Management has a 12 month low of $4.75 and a 12 month high of $6.95.

About AGF Management (Get Rating)

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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