AGF Management (TSE:AGF.B) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• AGF Management Limited shares traded above their 200-day moving average at C$12.00, indicating potential upward momentum as analysts set a consensus target price of C$13.83.
• Recent rating upgrades include TD Securities raising its target price from C$13.00 to C$15.00, with four analysts recommending a "Buy" and two a "Hold."
• Insider transactions showed significant activity, with insiders selling over C$1.4 million in shares while purchasing approximately C$1.1 million worth in the last ninety days.

AGF Management Limited (TSE:AGF.B - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.27 and traded as high as C$12.16. AGF Management shares last traded at C$12.00, with a volume of 133,390 shares trading hands.

Analysts Set New Price Targets

AGF.B has been the topic of a number of research analyst reports. Desjardins increased their price objective on shares of AGF Management from C$14.00 to C$15.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Scotiabank increased 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, TD Securities increased their price objective on shares of AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Thursday, June 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$13.83.

AGF Management Stock Up 4.1%

The company has a market capitalization of C$791.23 million, a price-to-earnings ratio of 9.68, a PEG ratio of 1.18 and a beta of 1.73. The stock's fifty day simple moving average is C$12.45 and its two-hundred day simple moving average is C$11.30. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insider Transactions at AGF Management

In related news, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of C$13.41, for a total value of C$832,761.00. Also, 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. In the last ninety days, insiders purchased 93,440 shares of company stock worth $1,136,048 and sold 86,733 shares worth $1,159,908. 18.70% of the stock is owned by company 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.