AGF Management (TSE:AGF.B) Shares Pass Above 200-Day Moving Average – Here’s What Happened

AGF Management Limited (TSE:AGF.B)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.50 and traded as high as C$18.80. AGF Management shares last traded at C$18.71, with a volume of 306,915 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AGF.B. Scotia cut 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 research report on Wednesday, April 15th. Desjardins boosted their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, BMO Capital Markets boosted their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AGF Management presently has an average rating of “Moderate Buy” and a consensus price target of C$19.18.

AGF Management Price Performance

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 stock has a market capitalization of C$1.19 billion, a PE ratio of 10.88, a PEG ratio of 1.18 and a beta of 1.31. The company has a 50-day moving average of C$17.33 and a 200 day moving average of C$17.50.

AGF Management (TSE:AGF.B) last issued its quarterly earnings results on Tuesday, April 14th. The company reported C$0.30 EPS 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. Sell-side analysts predict 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.