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

AGF Management Limited (TSE:AGF.B)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.50 and traded as high as C$18.80. AGF Management shares last traded at C$18.71, with a volume of 306,915 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AGF.B shares. BMO Capital Markets upped their target price on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Wednesday, April 8th. Scotia dropped their target price on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Wednesday, April 15th. Finally, Desjardins upped their target price on AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$19.18.

AGF Management Trading Up 2.7%

The company has a fifty day simple moving average of C$17.33 and a 200-day simple moving average of C$17.50. The company has a market capitalization of C$1.19 billion, a PE ratio of 10.88, a PEG ratio of 1.18 and a beta of 1.31. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Tuesday, April 14th. The company reported C$0.30 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$95.30 million for the quarter. Analysts predict that AGF Management Limited will post 1.5610119 EPS for the current 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.