AGF Management (TSE:AGF.B) Stock Crosses Above 200 Day Moving Average – Time to Sell?

by · The Cerbat Gem

AGF Management Limited (TSE:AGF.B – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.92 and traded as high as C$14.07. AGF Management shares last traded at C$14.03, with a volume of 37,490 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AGF.B. BMO Capital Markets boosted their price target on AGF Management from C$12.00 to C$15.00 in a report on Tuesday, September 16th. Jefferies Financial Group lifted their price objective on AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Desjardins upped their price objective on AGF Management from C$16.50 to C$17.75 and gave the company a “buy” rating in a research report on Thursday, September 25th. TD Securities lifted their price objective on AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Finally, Scotiabank raised their price target on shares of AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. Three equities research 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 has a consensus rating of “Moderate Buy” and an average target price of C$16.55.

Check Out Our Latest Report on AGF.B

AGF Management Stock Performance

The company has a market cap of C$893.08 million, a PE ratio of 8.40, a P/E/G ratio of 1.18 and a beta of 1.43. 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 fifty day moving average is C$14.01 and its 200-day moving average is C$12.92.

AGF Management (TSE:AGF.B – Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The company reported C$0.46 earnings per share for the quarter. The business had revenue of C$107.50 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. As a group, research analysts predict that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

AGF Management Company Profile

(Get Free Report)

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.

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