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

AGF Management Limited (TSE:AGF.B) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.14 and traded as high as C$11.22. AGF Management shares last traded at C$10.99, with a volume of 33,253 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Securities increased their target price on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. CIBC raised their price objective on shares of AGF Management from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Scotiabank upped their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. Desjardins raised their price target on shares of AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets boosted their price objective on shares of AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.82.

AGF Management Stock Performance

The business has a 50 day moving average price of C$10.82 and a two-hundred day moving average price of C$9.15. The stock has a market cap of C$691.60 million, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Insider Activity

In other news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total value of C$336,540.00. Insiders sold a total of 135,174 shares of company stock worth $1,468,896 over the last 90 days. Corporate 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.