AGF Management (TSE:AGF.B) Stock Crosses Above Two Hundred Day Moving Average of $7.85

AGF Management Limited (TSE:AGF.B)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.85 and traded as high as C$8.73. AGF Management shares last traded at C$8.67, with a volume of 18,019 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. BMO Capital Markets boosted their price objective on shares of AGF Management from C$8.50 to C$9.00 in a report on Friday, April 5th. Scotiabank boosted their price objective on shares of AGF Management from C$9.50 to C$10.50 in a report on Tuesday, April 2nd. CIBC boosted their price objective on shares of AGF Management from C$11.00 to C$14.00 in a report on Friday, April 5th. Finally, Jefferies Financial Group boosted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a report on Sunday, April 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, AGF Management presently has a consensus rating of “Hold” and an average target price of C$10.75.

AGF Management Price Performance

The company’s 50-day moving average price is C$8.22 and its two-hundred day moving average price is C$7.85. The company has a market cap of C$560.34 million, a P/E ratio of 5.78, a P/E/G ratio of 1.18 and a beta of 1.78. The company has a current ratio of 1.73, a quick ratio of 1.75 and a debt-to-equity ratio of 11.08.

Insider Activity at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 50,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of C$8.08 per share, with a total value of C$404,000.00. Insiders acquired a total of 205,960 shares of company stock valued at $1,677,340 in the last quarter. Insiders own 18.65% of the company’s stock.

About AGF Management

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.