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

AGF Management Limited (TSE:AGF.B) shares 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 traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AGF.B shares. Scotia lowered their price target on shares of 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. BMO Capital Markets upped their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 8th. Finally, Desjardins upped their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. 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 price target of C$19.18.

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 stock has a market cap of C$1.10 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The firm’s 50 day moving average is C$17.52 and its 200 day moving average is C$17.35.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The firm had revenue of C$95.30 million during the quarter. Analysts anticipate 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.