AGF Management (TSE:AGF.B) Stock Crosses Above 200-Day Moving Average – Here’s Why

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.46 and traded as high as C$10.47. AGF Management shares last traded at C$10.16, with a volume of 58,249 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Securities upped their price target 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 upped their target price 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. Scotiabank lifted their price target on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. CIBC boosted their price target on 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, BMO Capital Markets raised 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$11.82.

AGF Management Stock Performance

The stock has a market capitalization of C$659.67 million, a P/E ratio of 8.07, a P/E/G ratio of 1.18 and a beta of 1.73. The stock’s 50 day moving average price is C$8.93 and its 200-day moving average price is C$8.49. 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 Buying and Selling at AGF Management

In related news, Director Cybele Negris bought 6,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average price of C$8.15 per share, for a total transaction of C$48,900.00. In other AGF Management news, Director Laura Lee Dottori-Attanasio purchased 12,500 shares of AGF Management stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of C$7.99 per share, with a total value of C$99,833.75. Also, Director Cybele Negris acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average price of C$8.15 per share, with a total value of C$48,900.00. In the last 90 days, insiders have purchased 51,585 shares of company stock valued at $411,226. 18.70% of the stock is currently owned by corporate insiders.

About AGF Management

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.