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

AGF Management Limited (TSE:AGF.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.35 and traded as high as C$17.53. AGF Management shares last traded at C$17.50, with a volume of 126,572 shares.

Analyst Ratings Changes

A number of research analysts recently commented on AGF.B shares. Scotia lowered their price target on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Desjardins boosted their price target on AGF Management from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Finally, BMO Capital Markets boosted their price target on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$19.18.

AGF Management Stock Up 1.2%

The firm has a market capitalization of C$1.12 billion, a PE ratio of 10.17, a PEG ratio of 1.18 and a beta of 1.45. The company has a fifty day moving average price of C$17.58 and a 200-day moving average price of C$17.35. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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