AGF Management (TSE:AGF.B) Share Price Passes Above 200 Day Moving Average – What’s Next?

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 C$12.48 and traded as high as C$14.19. AGF Management shares last traded at C$14.09, with a volume of 74,445 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on AGF.B shares. Desjardins upped their price target on AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Scotiabank boosted their price objective on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Jefferies Financial Group boosted their price objective on AGF Management from C$14.50 to C$16.00 and gave the company a “buy” rating in a research report on Friday, September 19th. BMO Capital Markets boosted their price objective on AGF Management from C$12.00 to C$15.00 in a research report on Tuesday, September 16th. Finally, TD Securities boosted their price objective on AGF Management from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGF Management currently has an average rating of “Moderate Buy” and a consensus target price of C$16.35.

AGF Management Stock Performance

The business has a 50 day moving average of C$13.64 and a 200 day moving average of C$12.48. The company has a market capitalization of C$896.90 million, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.39. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

About AGF Management

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.