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

AGF Management Limited (TSE:AGF.B) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.73 and traded as high as C$21.66. AGF Management shares last traded at C$21.61, with a volume of 262,528 shares trading hands.

Wall Street Analysts Forecast Growth

AGF.B has been the subject of a number of analyst reports. TD increased their price target on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a research note on Friday, June 19th. Desjardins upped their price objective on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada increased their target price on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AGF Management has a consensus rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Stock Up 1.3%

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 has a market capitalization of C$1.39 billion, a P/E ratio of 10.58, a PEG ratio of 1.18 and a beta of 1.18. The company has a fifty day moving average price of C$22.25 and a 200-day moving average price of C$19.75.

AGF Management (TSE:AGF.B) last released its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The business had revenue of C$126.70 million during the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, research analysts forecast that AGF Management Limited will post 1.5610119 EPS 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.