AGF Management Limited Stock Forecast:
AGF Management Limited‘s stock is currently rated as “Hold” by the average of 10 analysts. The average target price for the stock over the next 12 months is CAD 7.99. According to Stock Target Advisor, the stock is “Slightly Bearish” based on 4 positive and 5 negative signals. As of the last closing, the stock price was CAD 8.03. Over the past week, the stock price has decreased by 10.58%, over the past month it has decreased by 12.72%, and over the last year, it has increased by 7.64%.
Analysts Coverage Change:
- Scotia Capital lowers the target price for AGF Management Ltd stock to $9.25 from $9.50 and maintains the “Sector Perform” rating.
- RBC raises the target price for AGF Management Ltd stock to $9 from $6.50 and Upgrades it to “Sector Perform”.
- STA Research maintains a “Hold” rating for AGF Management Ltd stock with a target price of $7.
- TD Securities maintains a “Buy” rating for AGF Management Ltd stock with a target price of $10.
AGF Management Ltd. News:
On March 21, 2023, AGF Management Limited, announced that it will pay a dividend of $0.11 per share on both its Class B Non-Voting shares and the Class A Voting common shares. This announcement follows a trend of consistent dividends paid by the company, demonstrating its commitment to rewarding shareholders.
The dividend will be payable on April 21, 2023, to shareholders of record on April 11, 2023. Shareholders who own AGF Management Limited’s Class B Non-Voting shares or Class A Voting common shares as of the record date will be eligible to receive the dividend. The company’s payout ratio, which measures the amount of earnings paid out as dividends to shareholders, is at a comfortable level, allowing the company to continue paying regular dividends while maintaining its financial strength.
FA Score (Fundamental Analysis):
The fundamental analysis of AGF Management Ltd is “Slightly Bearish” with a FA score of 4.4 out of 10, where 0 is very bearish and 10 is very bullish.