AGF Management (TSE:AGF.B) Shares Cross Above 200 Day Moving Average of $7.57

AGF Management Limited (TSE:AGF.B)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.57 and traded as high as C$8.28. AGF Management shares last traded at C$8.15, with a volume of 74,810 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGF.B shares. BMO Capital Markets boosted their price objective on AGF Management from C$8.50 to C$9.00 in a research note on Friday, April 5th. Scotiabank upped their price target on AGF Management from C$9.50 to C$10.50 in a research note on Tuesday, April 2nd. Royal Bank of Canada boosted their price objective on AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. Jefferies Financial Group boosted their price objective on AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Finally, TD Securities boosted their price objective on AGF Management from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$10.75.

AGF Management Price Performance

The stock has a market capitalization of C$520.62 million, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.79. The company has a current ratio of 1.39, a quick ratio of 1.75 and a debt-to-equity ratio of 8.26. The business has a fifty day simple moving average of C$8.04 and a 200 day simple moving average of C$7.57.

Insider Activity

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 150,000 shares of AGF Management stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of C$8.17 per share, with a total value of C$1,225,500.00. In other news, Director Judy Goldring acquired 50,100 shares of AGF Management stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of C$4.99 per share, with a total value of C$249,999.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 150,000 shares of AGF Management stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of C$8.17 per share, with a total value of C$1,225,500.00. Over the last three months, insiders acquired 353,365 shares of company stock valued at $2,665,144 and sold 159,394 shares valued at $1,236,812. 18.59% of the stock is currently owned by corporate insiders.

AGF Management Company Profile

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.