AGF Management (TSE:AGF.B) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

AGF Management Limited (TSE:AGF.B - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.58 and traded as high as C$10.91. AGF Management shares last traded at C$10.68, with a volume of 96,676 shares changing hands.

Analyst Ratings Changes

AGF.B has been the subject of a number of research reports. CIBC lifted their target price 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. Scotiabank lifted their target price on shares of AGF Management from C$10.75 to C$11.25 in a report on Wednesday, September 18th. TD Securities lifted 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 research report on Wednesday, October 2nd. Desjardins lifted their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets lifted their price target on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a "market perform" rating in a research report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$11.82.

AGF Management Stock Performance

The stock's 50 day moving average price is C$9.29 and its 200 day moving average price is C$8.60. 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 has a market capitalization of C$678.83 million, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Activity

In other news, Director Cybele Negris bought 3,700 shares of the company's stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of C$7.96 per share, with a total value of C$29,433.50. In related news, Director Cybele Negris purchased 3,700 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$7.96 per share, for a total transaction 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. In the last ninety days, insiders have bought 29,985 shares of company stock valued at $238,003. 18.70% of the stock is owned by company 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.