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$8.78 and traded as high as C$11.24. AGF Management shares last traded at C$10.90, with a volume of 73,020 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AGF.B shares. TD Securities lifted their price objective on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank raised their price target on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. CIBC raised their price target on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Desjardins raised their price target on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets raised their price target on AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research report on Monday, September 23rd. 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, AGF Management currently has an average rating of “Moderate Buy” and an average price target of C$11.82.

AGF Management Stock Performance

The stock has a market cap of C$696.07 million, a PE ratio of 8.52, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a fifty day moving average price of C$9.87 and a 200 day moving average price of C$8.78. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Insider Transactions at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Also, Director Cybele Negris bought 3,700 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$7.96 per share, for a total transaction of C$29,433.50. Over the last quarter, insiders have purchased 29,985 shares of company stock worth $238,003. Company 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.