AGF Management (TSE:AGF.B) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

AGF Management Limited (TSE:AGF.B) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.24 and traded as high as C$10.72. AGF Management shares last traded at C$10.66, with a volume of 30,275 shares changing hands.

Wall Street Analyst Weigh In

AGF.B has been the subject of several research reports. CIBC increased their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. TD Securities lifted their price objective on shares of AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Desjardins lifted their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets lifted their price objective on AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a report on Monday, September 23rd. Finally, Scotiabank raised their price target on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.82.

AGF Management Trading Down 0.3 %

The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market cap of C$680.75 million, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The stock has a fifty day simple moving average of C$10.84 and a 200 day simple moving average of C$9.26.

Insider Transactions at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Insiders sold 135,174 shares of company stock worth $1,468,896 over the last three months. 18.70% of the stock is currently owned by company insiders.

AGF Management Company Profile

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.