AGF Management (TSE:AGF.B) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

AGF Management Limited (TSE:AGF.B - Get Free Report)'s stock 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 changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on AGF.B. Desjardins upped their target price 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. TD Securities lifted their target price on shares of AGF Management from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Thursday, June 19th. Scotiabank lifted their price objective on shares of AGF Management from C$11.50 to C$14.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. Finally, Jefferies Financial Group reduced their price objective on shares of AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$13.83.

AGF Management Trading Down 0.3%

The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The business's 50 day moving average is C$12.04 and its 200 day moving average is C$10.97. The stock has a market cap of C$807.83 million, a price-to-earnings ratio of 9.88, a P/E/G ratio of 1.18 and a beta of 1.73.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$12.91, for a total transaction of C$79,370.68. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of C$13.41, for a total transaction of C$832,761.00. Over the last three months, insiders purchased 93,440 shares of company stock worth $1,136,048 and sold 176,733 shares worth $2,180,218. 18.70% of the stock is currently owned by corporate insiders.

AGF Management Company Profile

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.