AGF Management (TSE:AGF.B) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

AGF Management Limited (TSE:AGF.B - Get Free Report)'s share price 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 traded.

Analyst Ratings Changes

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

AGF Management Stock Performance

The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market capitalization of C$715.23 million, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm's 50-day moving average price is C$9.93 and its two-hundred day moving average price is C$10.56.

Insider Transactions at AGF Management

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of the company's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of C$9.80, for a total transaction of C$240,609.60. Over the last 90 days, insiders bought 89,700 shares of company stock valued at $1,033,992. Corporate insiders own 18.70% of the company's stock.

AGF Management Company Profile

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.