AGF Management (TSE:AGF.B) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of AGF Management Limited (TSE:AGF.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.78 and traded as high as C$11.24. AGF Management shares last traded at C$10.90, with a volume of 73,020 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AGF.B. Scotiabank increased their price target on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. BMO Capital Markets increased their price target on 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. Desjardins increased their price target on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. TD Securities increased their price target on AGF Management from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, CIBC upped their target price on AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.82.

AGF Management Price Performance

The firm has a market cap of C$696.07 million, a P/E ratio of 8.52, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a fifty day moving average of C$9.87 and a 200-day moving average of C$8.78. 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 Transactions at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 32,840 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of C$10.45, for a total transaction of C$343,178.00. Also, Director Cybele Negris acquired 5,121 shares of AGF Management stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of C$7.86 per share, with a total value of C$40,246.45. Insiders have acquired 29,985 shares of company stock worth $238,003 in the last 90 days. Insiders own 18.70% of the company’s stock.

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.