AGF Management (TSE:AGF.B) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.22 and traded as high as C$13.95. AGF Management shares last traded at C$13.93, with a volume of 49,239 shares traded.

Wall Street Analyst Weigh In

AGF.B has been the subject of several recent research reports. TD Securities increased their price objective on AGF Management from C$15.00 to C$17.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. BMO Capital Markets increased their price objective on AGF Management from C$12.00 to C$15.00 in a report on Tuesday, September 16th. Jefferies Financial Group increased their price objective on AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Scotiabank increased their price objective on AGF Management from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, September 25th. Finally, Desjardins increased their price objective on AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a report on Thursday, September 25th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$16.35.

AGF Management Price 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 stock has a market capitalization of C$886.71 million, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.18 and a beta of 1.39. The company’s 50-day simple moving average is C$13.39 and its 200 day simple moving average is C$12.22.

AGF Management Company Profile

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.