AGI (NYSE:AGBK) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of AGI (NYSE:AGBK) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on AGBK. Oppenheimer began coverage on shares of AGI in a research report on Monday. They set an “outperform” rating and a $15.00 price objective for the company. Wall Street Zen upgraded shares of AGI to a “hold” rating in a report on Saturday, February 21st. Susquehanna started coverage on AGI in a report on Monday. They set a “positive” rating and a $17.00 price target for the company. Itau BBA Securities began coverage on AGI in a research report on Monday. They issued an “outperform” rating and a $15.00 price objective for the company. Finally, Citigroup initiated coverage on AGI in a research note on Monday. They issued a “buy” rating and a $18.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.14.

AGI Stock Performance

AGI stock opened at $9.98 on Tuesday. AGI has a 52-week low of $9.95 and a 52-week high of $12.21.

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.