AGF Management (TSE:AGF.B) Share Price Passes Above 200 Day Moving Average of $7.10

AGF Management Limited (TSE:AGF.B – Get Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.10 and traded as high as C$9.36. AGF Management shares last traded at C$9.32, with a volume of 160,090 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank boosted their price target on shares of AGF Management from C$8.50 to C$8.75 in a report on Wednesday, January 25th. Barclays boosted their price objective on shares of AGF Management from C$8.00 to C$9.00 in a research report on Thursday, January 26th. Royal Bank of Canada upgraded shares of AGF Management from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$7.50 to C$9.50 in a research report on Thursday, January 26th. CIBC upped their price target on shares of AGF Management from C$6.75 to C$8.00 in a research report on Tuesday, January 24th. Finally, BMO Capital Markets upped their price objective on shares of AGF Management from C$7.50 to C$8.50 in a research report on Monday, January 23rd.

AGF Management Trading Up 0.8 %

The business’s 50 day moving average is C$8.46 and its two-hundred day moving average is C$7.10. The company has a quick ratio of 1.75, a current ratio of 1.62 and a debt-to-equity ratio of 9.98. The firm has a market capitalization of C$601.61 million, a P/E ratio of 9.61, a PEG ratio of 0.29 and a beta of 1.77.

About AGF Management

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AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.