AGF Management (TSE:AGF.B) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.67 and traded as high as C$23.10. AGF Management shares last traded at C$22.80, with a volume of 224,460 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Scotia lowered their target price 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. Royal Bank Of Canada upped their price target on AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Desjardins raised their price objective on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. BMO Capital Markets lifted their price objective on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 8th. Finally, TD increased their target price on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, June 19th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Stock Up 0.2%

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’s 50-day simple moving average is C$19.56 and its 200 day simple moving average is C$18.67. The firm has a market cap of C$1.45 billion, a P/E ratio of 11.01, a PEG ratio of 1.18 and a beta of 1.23.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 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$126.70 million during the quarter. As a group, research analysts forecast that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

AGF Management Company Profile

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.