AGF Management (TSE:AGF.B) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.20 and traded as high as C$17.50. AGF Management shares last traded at C$17.29, with a volume of 147,419 shares trading hands.

Analyst Upgrades and Downgrades

AGF.B has been the topic of several recent analyst reports. TD Securities increased their price target on shares of AGF Management from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Scotiabank increased their price target on shares of AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a research note on Wednesday, January 28th. BMO Capital Markets increased their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Wednesday, April 8th. Desjardins increased their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Scotia decreased their price objective on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$19.18.

AGF Management Trading Down 0.1%

The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The company has a fifty day moving average of C$17.79 and a two-hundred day moving average of C$17.20. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.18 and a beta of 1.45.

AGF Management (TSE:AGF.B) last issued its quarterly earnings results on Tuesday, April 14th. The company reported C$0.30 earnings per share for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The firm had revenue of C$95.30 million during the quarter. On average, research analysts expect that AGF Management Limited will post 1.5610119 EPS for the current year.

About AGF Management

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.