AGF Management (TSE:AGF.B) Stock Price Crosses Above Two Hundred Day Moving Average of $7.70

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.70 and traded as high as C$8.35. AGF Management shares last traded at C$8.29, with a volume of 42,848 shares changing hands.

Wall Street Analysts Forecast Growth

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

AGF Management Price Performance

The firm has a 50 day moving average price of C$8.16 and a 200 day moving average price of C$7.70. The stock has a market capitalization of C$535.78 million, a PE ratio of 5.53, a price-to-earnings-growth ratio of 1.18 and a beta of 1.78. The company has a current ratio of 1.73, a quick ratio of 1.75 and a debt-to-equity ratio of 11.08.

Insider Buying and Selling

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 50,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of C$8.08 per share, with a total value of C$404,000.00. In the last ninety days, insiders bought 290,960 shares of company stock valued at $2,322,840. 18.61% of the stock is 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.