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

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) passed 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 changing hands.

Analysts Set New Price Targets

AGF.B has been the subject of several analyst reports. Desjardins upped their price objective on 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. BMO Capital Markets increased their target price on shares of 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. CIBC increased 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. Scotiabank lifted their price objective on shares of AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. Finally, TD Securities lifted their target price on AGF Management from C$10.00 to C$11.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Three 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, the company currently has an average rating of "Moderate Buy" and an average target price of C$11.82.

AGF Management Price Performance

The stock has a fifty day moving average price of C$8.88 and a 200-day moving average price of C$8.47. The firm has a market capitalization of C$659.67 million, a PE ratio of 7.94, 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 quick ratio of 1.75 and a current ratio of 1.19.

Insider Buying and Selling at AGF Management

In related news, Director Laura Lee Dottori-Attanasio bought 12,500 shares of the company's stock in a transaction on Friday, August 2nd. The shares were bought at an average price of C$7.99 per share, with a total value of C$99,833.75. In other news, Director Laura Lee Dottori-Attanasio acquired 12,500 shares of the business's 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, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the firm's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$10.45, for a total value of C$343,178.00. Over the last ninety days, insiders acquired 51,585 shares of company stock worth $411,226. 18.70% of the stock is 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.