AGF Management (TSE:AGF.B) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

AGF Management Limited (TSE:AGF.B) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

AGF.B has been the topic of several recent research reports. Desjardins upped their price objective on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Scotia decreased their target price 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. TD upped their price target on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, June 19th. BMO Capital Markets increased their price target on 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, Royal Bank Of Canada boosted their price objective on AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGF Management has an average rating of “Moderate Buy” and a consensus price target of C$20.28.

AGF Management Stock Performance

The firm’s 50 day moving average is C$17.82 and its 200-day moving average is C$18.04. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.18 and a beta of 1.31. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

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

AGF Management Company Profile

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.