AGF Management (TSE:AGF.B) Stock Price Passes Above 200-Day Moving Average - What's Next?

AGF Management Limited (TSE:AGF.B - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

AGF.B has been the subject of several analyst reports. CIBC raised their price objective on shares of AGF Management from C$14.00 to C$17.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Desjardins raised their price target on AGF Management from C$12.00 to C$12.50 and gave the stock a "buy" rating in a report on Thursday, September 26th. TD Securities boosted 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 increased their price objective on AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. Finally, BMO Capital Markets lifted their target price on AGF Management from C$9.00 to C$10.00 and gave the company a "market perform" rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$11.82.

AGF Management Trading Down 2.6 %

The stock has a fifty day moving average of C$9.87 and a two-hundred day moving average of C$8.79. The company has a market capitalization of C$696.07 million, a PE ratio of 8.52, a PEG ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

Insider Buying and Selling at AGF Management

In other news, Director Cybele Negris purchased 3,700 shares of the business's stock in a transaction on Monday, August 19th. The shares were acquired at an average price of C$7.96 per share, with a total value of C$29,433.50. Also, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total transaction of C$343,178.00. Insiders acquired a total of 29,985 shares of company stock worth $238,003 over the last three months. Company insiders own 18.70% of the company's stock.

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.