AGF Management (TSE:AGF.B) Shares Cross Above Two Hundred Day Moving Average of $7.61

AGF Management Limited (TSE:AGF.B)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.61 and traded as high as C$8.04. AGF Management shares last traded at C$7.99, with a volume of 37,875 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on AGF.B. CIBC upped their price objective on AGF Management from C$11.00 to C$14.00 in a report on Friday, April 5th. Royal Bank of Canada upped their target price on AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. TD Securities upped their target price on AGF Management from C$9.50 to C$10.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group upped their target price on AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Finally, Scotiabank upped their price objective on AGF Management from C$9.50 to C$10.50 in a research report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$10.75.

AGF Management Trading Up 1.9 %

The company has a quick ratio of 1.75, a current ratio of 1.39 and a debt-to-equity ratio of 8.26. The firm has a market cap of C$510.40 million, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.79. The business has a 50 day moving average price of C$8.07 and a 200-day moving average price of C$7.61.

Insider Buying and Selling at AGF Management

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 9,600 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of C$7.65, for a total transaction of C$73,440.00. In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average price of C$7.68 per share, with a total value of C$115,200.00. Also, Senior Officer Kevin Andrew Mccreadie sold 9,600 shares of AGF Management stock in a transaction on Monday, February 5th. The shares were sold at an average price of C$7.65, for a total value of C$73,440.00. In the last 90 days, insiders acquired 353,365 shares of company stock worth $2,665,144 and sold 159,394 shares worth $1,236,812. 18.59% of the stock is owned by insiders.

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.