AGF Management (TSE:AGF.B) Share Price Crosses Above 200-Day Moving Average – Here’s Why

AGF Management Limited (TSE:AGF.B) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.20 and traded as high as C$17.50. AGF Management shares last traded at C$17.29, with a volume of 147,419 shares trading hands.

Wall Street Analysts Forecast Growth

AGF.B has been the subject of a number of research reports. Desjardins boosted their target price on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, April 10th. BMO Capital Markets boosted their target price on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. Finally, 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 note on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$19.18.

AGF Management Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The stock has a market capitalization of C$1.11 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.45. The firm has a 50 day moving average price of C$17.75 and a 200 day moving average price of C$17.22.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. The firm had revenue of C$95.30 million during the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. Research analysts anticipate that AGF Management Limited will post 1.5610119 earnings per share 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.