AGF Management (TSE:AGF.B) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.00 and traded as high as C$23.26. AGF Management shares last traded at C$23.04, with a volume of 227,818 shares trading hands.

Analyst Ratings Changes

AGF.B has been the subject of several research analyst reports. TD upped their price objective on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, June 19th. Scotia cut their target price on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 15th. Royal Bank Of Canada upped their target price 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. Desjardins lifted their price target 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, BMO Capital Markets boosted their price objective on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$20.28.

AGF Management Trading Up 0.9%

The company’s 50 day simple moving average is C$20.50 and its two-hundred day simple moving average is C$19.04. 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$1.49 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share (EPS) for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The business had revenue of C$126.70 million during the quarter. Research analysts expect 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.