AGF Management (TSE:AGF.B) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Analyst Weigh In

AGF.B has been the subject of several analyst reports. Scotiabank boosted their target price on 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. Desjardins boosted their target price on 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. Jefferies Financial Group decreased their target price on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. Finally, TD Securities boosted their target price on 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$13.83.

AGF Management Trading Up 0.4%

The company has a market capitalization of C$807.19 million, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. 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 fifty day moving average price of C$12.34 and a 200-day moving average price of C$11.10.

Insider Activity

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST sold 6,148 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of C$12.91, for a total value of C$79,370.68. Also, 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. Over the last ninety days, insiders purchased 93,440 shares of company stock worth $1,136,048 and sold 176,733 shares worth $2,180,218. Company insiders own 18.70% of the company's stock.

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.