AGF Management (TSE:AGF.B) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.67 and traded as high as C$23.10. AGF Management shares last traded at C$22.80, with a volume of 224,460 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD increased their target price on shares of AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Scotia cut their price target on 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. Royal Bank Of Canada increased their price target on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. BMO Capital Markets lifted their price objective 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. Finally, Desjardins increased their target price on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, AGF Management has a consensus rating of “Moderate Buy” and an average target price of C$20.28.

AGF Management Price Performance

The firm has a market capitalization of C$1.45 billion, a P/E ratio of 11.01, a PEG ratio of 1.18 and a beta of 1.23. 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 business’s 50 day moving average is C$19.56 and its 200-day moving average is C$18.67.

AGF Management (TSE:AGF.B) last released its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The firm had revenue of C$126.70 million during the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, sell-side analysts predict 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.