AGF Management (TSE:AGF.B) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

AGF Management Limited (TSE:AGF.B)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.14 and traded as high as C$11.22. AGF Management shares last traded at C$10.99, with a volume of 33,253 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Securities increased their target price on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Scotiabank raised their price objective on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. BMO Capital Markets boosted their target price on shares of 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. CIBC raised their price target on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Desjardins boosted their price objective 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.82.

AGF Management Trading Down 1.5 %

The stock has a market cap of C$691.60 million, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The company’s fifty day moving average price is C$10.82 and its 200-day moving average price is C$9.15.

Insiders Place Their Bets

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of AGF Management stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$11.21, for a total transaction of C$512,678.14. Over the last quarter, insiders sold 135,174 shares of company stock valued at $1,468,896. Insiders own 18.70% of the company’s stock.

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.