According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its business activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability, and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “
A number of other brokerages have also commented on AGESY. HSBC lowered ageas SA/NV from a “buy” rating to a “hold” rating and set a $52.50 target price on the stock. in a research report on Monday, January 17th. UBS Group dropped their target price on ageas SA/NV from €45.70 ($50.22) to €44.50 ($48.90) in a research report on Wednesday, March 2nd. Finally, Morgan Stanley upped their target price on ageas SA/NV from €58.00 ($63.74) to €59.00 ($64.84) and gave the company an “overweight” rating in a research report on Thursday, February 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ageas SA/NV has a consensus rating of “Hold” and an average price target of $53.00.
ageas SA/NV (OTCMKTS:AGESY – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The financial services provider reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.13. ageas SA/NV had a return on equity of 6.08% and a net margin of 6.12%. The business had revenue of $4.38 billion for the quarter. On average, equities analysts expect that ageas SA/NV will post 5.39 earnings per share for the current fiscal year.
ageas SA/NV Company Profile (Get Rating)
ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. Its life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire, and other insurance products, as well as other damages to property covering the risk of property losses or claims liabilities.
- Get a free copy of the StockNews.com research report on ageas SA/NV (AGESY)
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