AGF Management (TSE:AGF.B) Stock Price Crosses Above 200-Day Moving Average of $0.00

AGF Management Limited (TSE:AGF.B) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $4.86. AGF Management shares last traded at $4.78, with a volume of 33,967 shares trading hands.

A number of brokerages have recently issued reports on AGF.B. Royal Bank of Canada reduced their target price on shares of AGF Management from C$6.50 to C$6.00 and set a “sector perform” rating for the company in a research report on Wednesday, June 12th. TD Securities lowered AGF Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$7.50 to C$5.50 in a report on Thursday, June 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$6.00 price objective on shares of AGF Management in a report on Friday, June 28th.

The company has a debt-to-equity ratio of 18.29, a quick ratio of 1.28 and a current ratio of 1.36. The firm’s 50 day moving average price is C$5.21. The firm has a market cap of $427.42 million and a PE ratio of 7.98.

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 12,485 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of C$5.20, for a total transaction of C$64,922.00. Following the completion of the sale, the insider now directly owns 379,607 shares in the company, valued at approximately C$1,973,956.40.

About AGF Management (TSE:AGF.B)

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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