AGF Management (TSE:AGF.B) Share Price Crosses Above 200-Day Moving Average - Here's Why

AGF Management Limited (TSE:AGF.B - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.87 and traded as high as C$10.97. AGF Management shares last traded at C$10.79, with a volume of 50,505 shares changing hands.

Wall Street Analyst Weigh In

AGF.B has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Desjardins raised their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. BMO Capital Markets raised their target price on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. Finally, TD Securities raised their target price on shares of AGF Management from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$12.46.

AGF Management Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The company's 50 day moving average is C$10.78 and its 200-day moving average is C$9.91. The company has a market capitalization of C$692.24 million, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$11.17, for a total transaction of C$4,945,528.67. Also, Senior Officer Kevin Andrew Mccreadie sold 25,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$11.06, for a total transaction of C$276,500.00. Insiders sold a total of 513,485 shares of company stock worth $5,734,707 in the last three months. 18.70% of the stock is owned by corporate 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.