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

Shares of AGF Management Limited (TSE:AGF.B) crossed 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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AGF.B shares. BMO Capital Markets raised their price target on shares of 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. Desjardins raised their price objective on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Finally, Scotia dropped 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, AGF Management presently has an average rating of “Moderate Buy” and a consensus target price of C$19.18.

AGF Management Trading Up 2.7%

The stock has a market cap of C$1.19 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.18 and a beta of 1.31. The business’s fifty day simple moving average is C$17.33 and its 200 day simple moving average is C$17.50. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

AGF Management (TSE:AGF.B) last posted its quarterly earnings results on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The business had revenue of C$95.30 million during the quarter. On average, research 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.