AGF Management (TSE:AGF.B) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• AGF Management's stock price surpassed its **200-day moving average**, reaching a high of **C$12.85**, with a last trading price of **C$12.62** and a trading volume of **56,761** shares.
• Recent **analyst upgrades** include TD Securities raising their target price to **C$15.00** and Scotiabank increasing their price objective to **C$14.00**, with an average price target currently set at **C$13.83**.
• Insider transactions included senior officer **Kevin Andrew Mccreadie** selling **62,100 shares** at an average price of **C$13.41**, indicating significant insider activity regarding the company's stock.

AGF Management Limited (TSE:AGF.B - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.40 and traded as high as C$12.85. AGF Management shares last traded at C$12.62, with a volume of 56,761 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AGF.B. Desjardins boosted their target price on shares of AGF Management from C$15.00 to C$16.50 and gave the company a "buy" rating in a research report on Monday. Scotiabank boosted their target price on shares of AGF Management from C$11.50 to C$14.00 and gave the company a "sector perform" rating in a research report on Monday, June 23rd. Finally, TD Securities boosted their target price on shares of AGF Management from C$13.00 to C$15.00 and gave the company a "buy" rating in a research report on Thursday, June 19th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$14.08.

AGF Management Price Performance

The stock's fifty day moving average is C$12.41 and its 200-day moving average is C$11.44. The stock has a market capitalization of C$904.24 million, a PE ratio of 9.06, a P/E/G ratio of 1.18 and a beta of 1.28. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Insiders Place Their Bets

In related news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the stock in a transaction on 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 company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of C$13.41, for a total transaction of C$832,761.00. Insiders have sold 86,733 shares of company stock worth $1,159,908 over the last three months. 18.70% of the stock is currently owned by 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.