AGI (NYSE:AGBK) Coverage Initiated by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of AGI (NYSE:AGBK) in a report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $21.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 99.24% from the stock’s previous close.

A number of other analysts have also weighed in on the company. HSBC initiated coverage on AGI in a research note on Thursday. They issued a “buy” rating and a $15.00 target price on the stock. Wall Street Zen upgraded AGI to a “hold” rating in a report on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, AGI currently has an average rating of “Buy” and an average target price of $18.00.

AGI Price Performance

Shares of AGBK stock opened at $10.54 on Monday. AGI has a 1 year low of $10.21 and a 1 year 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.