AGF Management (TSE:AGF.B) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.66 and traded as high as C$11.19. AGF Management shares last traded at C$11.10, with a volume of 60,043 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on AGF.B. Jefferies Financial Group lifted their target price on AGF Management from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. BMO Capital Markets increased their target price on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. CIBC upped their price target on AGF Management from C$14.00 to C$17.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. TD Securities increased their target price on AGF Management from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Monday, January 20th. Finally, Desjardins increased their target price on AGF Management from C$12.50 to C$13.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.46.

AGF Management Stock Performance

The firm has a market capitalization of C$715.23 million, a PE ratio of 8.75, 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 simple moving average is C$10.81 and its 200 day simple moving average is C$9.68.

Insider Activity

In other news, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total value of C$276,500.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total value of C$4,945,528.67. Over the last three months, insiders have sold 545,085 shares of company stock valued at $6,071,247. 18.70% of the stock is currently owned by insiders.

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.