AGF Management (TSE:AGF.B) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.34 and traded as high as C$10.76. AGF Management shares last traded at C$10.67, with a volume of 25,293 shares changing hands.

Analyst Ratings Changes

Several equities analysts have issued reports on AGF.B shares. BMO Capital Markets boosted their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research note on Monday, September 23rd. TD Securities raised their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Scotiabank raised their price target on AGF Management from C$10.75 to C$11.25 in a research report on Wednesday, September 18th. CIBC boosted their price target on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Desjardins increased 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 note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.82.

AGF Management Stock Up 1.0 %

The firm has a market cap of C$681.39 million, a P/E ratio of 8.34, a PEG ratio of 1.18 and a beta of 1.73. The firm’s 50-day moving average price is C$10.84 and its 200 day moving average price is C$9.34. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Buying and Selling at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$11.21, for a total value of C$512,678.14. Insiders sold a total of 135,174 shares of company stock worth $1,468,896 over the last 90 days. Insiders own 18.70% of the company’s stock.

About AGF Management

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.