AGF Management Limited (TSE:AGF.B – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.07 and traded as high as C$8.36. AGF Management shares last traded at C$8.24, with a volume of 43,777 shares traded.
Wall Street Analyst Weigh In
Several research firms recently commented on AGF.B. Desjardins increased their target price on shares of AGF Management from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, June 24th. BMO Capital Markets raised their price objective on AGF Management from C$8.50 to C$9.00 in a research note on Friday, April 5th. Royal Bank of Canada lifted their target price on AGF Management from C$9.00 to C$10.00 in a report on Friday, April 5th. Scotiabank set a C$10.75 price objective on shares of AGF Management and gave the company a “sector perform” rating in a research note on Thursday, June 27th. Finally, CIBC upped their price target on shares of AGF Management from C$11.00 to C$14.00 in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$10.96.
Check Out Our Latest Analysis on AGF.B
AGF Management Stock Down 0.8 %
Insider Buying and Selling at AGF Management
In other news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 16,400 shares of the stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of C$8.20 per share, for a total transaction of C$134,480.00. Insiders purchased 147,160 shares of company stock valued at $1,238,023 in the last quarter. Company insiders own 18.65% 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.
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