AGF Management (OTCMKTS:AGFMF) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of AGF Management Limited (OTCMKTS:AGFMF) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.17 and traded as high as $11.76. AGF Management shares last traded at $11.66, with a volume of 1,246 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank Of Canada started coverage on shares of AGF Management in a report on Wednesday, December 10th. They issued an “outperform” rating for the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of AGF Management in a research report on Tuesday, September 16th. Desjardins reiterated a “buy” rating on shares of AGF Management in a research note on Thursday, September 25th. Finally, Scotiabank restated a “sector perform” rating on shares of AGF Management in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

AGF Management Price Performance

The company’s 50-day moving average is $10.21 and its 200 day moving average is $9.62.

About AGF Management

AGF Management Limited is a Canadian-based investment management firm that offers a broad suite of products and services to retail, institutional and private wealth clients. The company’s core offerings include mutual funds, exchange-traded funds (ETFs), managed solutions and separately managed accounts. AGF’s investment platforms span equity, fixed-income, multi-asset and alternative strategies, allowing clients to access active management and customized portfolio solutions.

Founded in 1957 and headquartered in Toronto, AGF Management operates additional offices in Montreal and other locations across Canada.