Analyst Ratings Coverage Change
Scotia Capital (Rank#9) has released a research report on Tuesday June 20th, and has maintained the rating at “Sector Perform” rating for AGF Management (AGF-B:CA) and has downgraded its target price to CAD 8.75 from $9.25.
A “Sector Perform” rating typically suggests that the analyst expects AGF Management to deliver returns that are in line with the overall performance of its sector. It indicates a neutral outlook, implying that the company is expected to perform in line with its industry peers.
The downgraded target price of CAD 8.75 indicates Scotia Capital’s revised estimate of the fair value for AGF Management’s stock. This new target price suggests that Scotia Capital anticipates a decrease in the stock’s value relative to their previous target price.
AGF-B Stock Forecast & Analysis
AGF Management Limited is a Canadian-based asset management company that offers a wide range of investment solutions and services to individual and institutional investors. Let’s analyze the information provided about AGF Management:
According to the consensus forecast of 8 analysts, the average target price for AGF Management Limited’s stock over the next 12 months is CAD 8.92. This target price represents the analysts’ estimated fair value for the stock and serves as a reference point for investors when making investment decisions. The average analyst rating for AGF Management Limited is “Hold.”
Stock Target Advisor has a slightly bullish outlook on AGF Management Limited. Their analysis, based on 4 positive signals and 3 negative signals, indicates a cautiously optimistic view on the stock. This suggests that while there are some positive indicators supporting the stock’s performance, there are also a few factors that may warrant caution.
At the last closing, AGF Management Limited’s stock price was CAD 7.51. Over the past week, the stock price has experienced a modest increase of +1.21%. Looking at a broader timeframe, the stock has shown positive momentum, with a gain of +5.03% over the past month and a notable increase of +25.80% over the last year.
