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

AGF Management Limited (TSE:AGF.B)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.87 and traded as high as C$10.97. AGF Management shares last traded at C$10.79, with a volume of 50,505 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AGF.B shares. BMO Capital Markets upped their target price on AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th. TD Securities increased their price objective on AGF Management from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Desjardins lifted their target price on shares of AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group increased their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AGF Management currently has a consensus rating of “Moderate Buy” and an average price target of C$12.46.

AGF Management Price Performance

The stock has a 50-day simple moving average of C$10.81 and a 200 day simple moving average of C$9.87. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a market cap of C$689.05 million, a P/E ratio of 8.43, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 45,734 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$11.21, for a total value of C$512,678.14. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 442,751 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$11.17, for a total value of C$4,945,528.67. Over the last ninety days, insiders have sold 513,485 shares of company stock valued at $5,734,707. 18.70% of the stock is currently owned by corporate insiders.

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.