AGF Management (OTCMKTS:AGFMF) Downgraded to Neutral at CIBC

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AGF Management (OTCMKTS:AGFMF) was downgraded by stock analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.

Separately, Barclays cut their price objective on AGF Management from $3.50 to $3.00 and set an “underweight” rating on the stock in a research report on Monday.

AGF Management stock traded up $0.25 during mid-day trading on Thursday, hitting $2.05. The company’s stock had a trading volume of 100 shares, compared to its average volume of 971. The company has a 50 day moving average of $4.38 and a 200-day moving average of $4.57. AGF Management has a one year low of $1.80 and a one year high of $5.38.

About AGF Management

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.

Further Reading: Stochastic Momentum Index (SMI)

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