AGF Management (TSE:AGF.B) Stock Passes Above 200 Day Moving Average of $8.07

Shares of AGF Management Limited (TSE:AGF.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.07 and traded as high as C$8.36. AGF Management shares last traded at C$8.24, with a volume of 43,777 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AGF.B. CIBC increased their price target on AGF Management from C$11.00 to C$14.00 in a research report on Friday, April 5th. Desjardins raised their target price on shares of AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Scotiabank set a C$10.75 price target on shares of AGF Management and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. BMO Capital Markets increased their price objective on shares of AGF Management from C$8.50 to C$9.00 in a research note on Friday, April 5th. Finally, 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. Three 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, AGF Management currently has an average rating of “Moderate Buy” and a consensus price target of C$10.96.

AGF Management Stock Performance

The firm has a 50-day moving average of C$8.34 and a 200-day moving average of C$8.07. The company has a current ratio of 1.73, a quick ratio of 1.75 and a debt-to-equity ratio of 11.08. The stock has a market capitalization of C$532.55 million, a price-to-earnings ratio of 5.49, a P/E/G ratio of 1.18 and a beta of 1.78.

Insider Transactions at AGF Management

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 124,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of C$8.46 per share, with a total value of C$1,053,270.00. Insiders have acquired 147,160 shares of company stock worth $1,238,023 over the last 90 days. 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.