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

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.60 and traded as high as C$22.59. AGF Management shares last traded at C$22.42, with a volume of 146,081 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently commented on AGF.B. Royal Bank Of Canada upped their price objective on shares of AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Desjardins lifted their target price on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, TD boosted their price target on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, June 19th. Five investment 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 has an average rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Stock Performance

The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a 50-day moving average of C$22.02 and a 200 day moving average of C$19.63. The stock has a market capitalization of C$1.42 billion, a P/E ratio of 10.81, a PEG 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 net margin of 16.58% and a return on equity of 7.64%. The firm had revenue of C$126.70 million for the quarter. Research analysts anticipate 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.