AGF Management (TSE:AGF.B) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

AGF Management Limited (TSE:AGF.B) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.34 and traded as high as C$10.76. AGF Management shares last traded at C$10.67, with a volume of 25,293 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AGF.B. Scotiabank upped their target price on shares of AGF Management from C$10.75 to C$11.25 in a research note on Wednesday, September 18th. TD Securities upped their price objective on AGF Management from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. CIBC increased their price objective on AGF Management from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Desjardins boosted their target price on AGF Management from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets upped their price target on AGF Management from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.82.

AGF Management Stock Performance

The stock has a market capitalization of C$685.22 million, a P/E ratio of 8.38, a PEG ratio of 1.18 and a beta of 1.73. The stock’s 50-day simple moving average is C$10.85 and its 200 day simple moving average is C$9.37. 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 Activity at AGF Management

In other news, Senior Officer Kevin Andrew Mccreadie sold 31,600 shares of AGF Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$10.65, for a total value of C$336,540.00. Insiders sold 135,174 shares of company stock worth $1,468,896 in the last ninety days. 18.70% of the stock is owned by company insiders.

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.