AGI Inc (NYSE:AGBK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of AGI Inc (NYSE:AGBK) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.1429.

A number of brokerages have recently commented on AGBK. HSBC initiated coverage on AGI in a research report on Thursday, March 5th. They issued a “buy” rating and a $15.00 price target on the stock. Oppenheimer began coverage on AGI in a research note on Monday, March 9th. They set an “outperform” rating and a $15.00 price objective for the company. The Goldman Sachs Group initiated coverage on AGI in a report on Monday, March 9th. They issued a “buy” rating and a $19.00 target price on the stock. Morgan Stanley initiated coverage on AGI in a research note on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Zacks Research upgraded AGI to a “hold” rating in a report on Tuesday, March 10th.

AGI Stock Up 0.5%

Shares of AGBK opened at $9.34 on Monday. AGI has a fifty-two week low of $9.00 and a fifty-two week high of $12.21.

AGI Company Profile

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.