AGF Management (TSE:AGF.B) Share Price Passes Above 200 Day Moving Average of $8.14

AGF Management Limited (TSE:AGF.B)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.14 and traded as high as C$8.44. AGF Management shares last traded at C$8.40, with a volume of 21,248 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on AGF.B. BMO Capital Markets lifted their target price on shares of AGF Management from C$8.50 to C$9.00 in a research report on Friday, April 5th. Royal Bank of Canada boosted their target price on AGF Management from C$9.00 to C$10.00 in a research note on Friday, April 5th. Jefferies Financial Group raised their price target on AGF Management from C$10.00 to C$11.00 in a research report on Sunday, April 7th. Scotiabank set a C$10.75 price objective on AGF Management and gave the company a “sector perform” rating in a research report on Thursday, June 27th. Finally, Desjardins lifted their target price on shares of AGF Management from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$10.96.

AGF Management Stock Performance

The business has a fifty day moving average of C$8.38 and a 200 day moving average of C$8.14. The company has a market cap of C$542.89 million, a P/E ratio of 5.60, a P/E/G ratio of 1.18 and a beta of 1.78. The company has a quick ratio of 1.75, a current ratio of 1.73 and a debt-to-equity ratio of 11.08.

Insider Buying and Selling at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 124,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was bought at an average cost of C$8.46 per share, with a total value of C$1,053,270.00. In the last ninety days, insiders have purchased 147,060 shares of company stock valued at $1,237,491. 18.65% of the stock is currently owned by company insiders.

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.