AGF Management (TSE:AGF.B) Shares Cross Above Two Hundred Day Moving Average of $7.61

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.61 and traded as high as C$8.04. AGF Management shares last traded at C$7.99, with a volume of 37,875 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. CIBC boosted their price objective on shares of AGF Management from C$11.00 to C$14.00 in a research note on Friday, April 5th. Scotiabank boosted their price objective on shares of AGF Management from C$9.50 to C$10.50 in a research note on Tuesday, April 2nd. Jefferies Financial Group boosted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research note on Sunday, April 7th. TD Securities boosted their price objective on shares of AGF Management from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada lifted their target price on shares of AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$10.75.

AGF Management Price Performance

The company has a quick ratio of 1.75, a current ratio of 1.39 and a debt-to-equity ratio of 8.26. The firm has a market capitalization of C$510.40 million, a PE ratio of 6.15, a PEG ratio of 1.18 and a beta of 1.79. The firm’s fifty day simple moving average is C$8.07 and its 200-day simple moving average is C$7.61.

Insider Activity

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 132,200 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of C$7.77, for a total transaction of C$1,027,194.00. In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 15,000 shares of AGF Management stock in a transaction on Friday, January 26th. The stock was acquired at an average cost of C$7.68 per share, with a total value of C$115,200.00. Also, Senior Officer Kevin Andrew Mccreadie sold 132,200 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of C$7.77, for a total transaction of C$1,027,194.00. Over the last three months, insiders purchased 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 owned by corporate insiders.

About AGF Management

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.