AGF Management Limited (TSE:AGF.B - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.97 and traded as high as C$12.76. AGF Management shares last traded at C$12.63, with a volume of 32,105 shares.
Wall Street Analyst Weigh In
AGF.B has been the subject of a number of recent research reports. Desjardins raised their price target on AGF Management from C$14.00 to C$15.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Scotiabank raised their price target on AGF Management from C$11.50 to C$14.00 and gave the stock a "sector perform" rating in a research note on Monday, June 23rd. TD Securities raised their price target on AGF Management from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research note on Thursday, June 19th. Finally, Jefferies Financial Group cut their price target on AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, AGF Management currently has an average rating of "Moderate Buy" and a consensus price target of C$13.83.
Read Our Latest Stock Report on AGF.B
AGF Management Price Performance
The company has a market cap of C$806.55 million, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The company has a fifty day moving average price of C$12.04 and a two-hundred day moving average price of C$10.97. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.
Insider Buying and Selling at AGF Management
In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 42,700 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of C$12.09 per share, for a total transaction of C$516,243.00. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$13.41, for a total transaction of C$832,761.00. Over the last quarter, insiders have acquired 93,440 shares of company stock valued at $1,136,048 and have sold 176,733 shares valued at $2,180,218. Corporate insiders own 18.70% of the company's stock.
About AGF Management
(
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AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management's funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.
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