AGF Management (TSE:AGF.B) Shares Pass Above 200-Day Moving Average – What’s Next?

by · The Markets Daily

Shares of AGF Management Limited (TSE:AGF.B – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.24 and traded as high as C$10.72. AGF Management shares last traded at C$10.66, with a volume of 30,275 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AGF.B shares. BMO Capital Markets raised 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. TD Securities upped their price objective 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. Scotiabank boosted their price target on AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. CIBC increased their price objective on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Desjardins boosted their target price on shares of 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.82.

View Our Latest Stock Analysis on AGF Management

AGF Management Trading Up 1.3 %

The stock has a market cap of C$689.69 million, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The business’s fifty day simple moving average is C$10.84 and its 200 day simple moving average is C$9.27.

Insider Activity

In other AGF Management news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total transaction of C$336,540.00. Insiders have sold 135,174 shares of company stock valued at $1,468,896 over the last three months. 18.70% of the stock is owned by insiders.

About AGF Management

(Get Free Report)

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.

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