AGF Management Limited (TSE:AGF.B) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $5.08. AGF Management shares last traded at $5.07, with a volume of 25,244 shares changing hands.
Several equities analysts have recently weighed in on AGF.B shares. Royal Bank of Canada cut their target price on AGF Management from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 12th. BMO Capital Markets reissued a “market perform” rating and set a C$6.00 target price on shares of AGF Management in a research report on Friday, June 28th. Finally, TD Securities downgraded AGF Management from a “buy” rating to a “hold” rating and cut their target price for the company from C$7.50 to C$5.50 in a research report on Thursday, June 27th.
The firm’s 50-day moving average is C$5.25. The company has a debt-to-equity ratio of 18.29, a quick ratio of 1.28 and a current ratio of 1.36. The company has a market capitalization of $427.42 million and a PE ratio of 8.57.
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.
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