AGF Management (TSE:AGF.B) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.55 and traded as high as C$10.80. AGF Management shares last traded at C$10.80, with a volume of 73,739 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Desjardins cut their target price on AGF Management from C$13.50 to C$12.25 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. TD Securities cut their price target on AGF Management from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group cut their price target on AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Finally, Scotiabank cut their price objective on shares of AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AGF Management has an average rating of "Moderate Buy" and a consensus price target of C$12.46.

AGF Management Price Performance

The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The company has a 50 day moving average of C$9.94 and a two-hundred day moving average of C$10.57. The firm has a market cap of C$747.16 million, a P/E ratio of 9.14, a PEG ratio of 1.18 and a beta of 1.73.

Insider Buying and Selling at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 60,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$11.32, for a total value of C$679,200.00. Also, insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 21,100 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was bought at an average cost of C$11.57 per share, for a total transaction of C$244,127.00. Over the last 90 days, insiders have purchased 89,700 shares of company stock valued at $1,033,992. 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.