AGF Management (TSE:AGF.B) Stock Price Crosses Above 200 Day Moving Average - Here's Why

AGF Management Limited (TSE:AGF.B - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.04 and traded as high as C$12.82. AGF Management shares last traded at C$12.43, with a volume of 42,513 shares traded.

Wall Street Analysts Forecast Growth

AGF.B has been the subject of a number of research analyst reports. Desjardins boosted their target price on shares of AGF Management from C$14.00 to C$15.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Scotiabank boosted their target price on shares of AGF Management from C$11.50 to C$14.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd. TD Securities boosted 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, AGF Management has a consensus rating of "Moderate Buy" and an average price target of C$13.83.

AGF Management Price Performance

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 stock has a market cap of C$810.38 million, a P/E ratio of 9.91, a P/E/G ratio of 1.18 and a beta of 1.73. The company's 50 day simple moving average is C$12.29 and its 200 day simple moving average is C$11.08.

Insiders Place Their Bets

In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 42,700 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was bought at an average price of C$12.09 per share, with a total value of C$516,243.00. Also, Senior Officer Kevin Andrew Mccreadie sold 62,100 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$13.41, for a total transaction of C$832,761.00. In the last ninety days, insiders purchased 93,440 shares of company stock valued at $1,136,048 and sold 176,733 shares valued at $2,180,218. 18.70% of the stock is currently 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.