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

AGF Management Limited (TSE:AGF.B)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.03 and traded as high as C$20.26. AGF Management shares last traded at C$20.15, with a volume of 105,396 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada boosted their price objective on shares of 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. Scotia decreased 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 research note on Wednesday, April 15th. Desjardins boosted their price target on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. TD upped their price objective on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Finally, BMO Capital Markets raised 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 note on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Stock Performance

The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market cap of C$1.28 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.18 and a beta of 1.31. The company’s 50 day moving average is C$17.73 and its 200 day moving average is C$18.03.

AGF Management (TSE:AGF.B) last posted its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The firm had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. As a group, equities analysts predict that AGF Management Limited will post 1.5610119 earnings per share for the current fiscal 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.