Short Interest in ageas SA/NV (OTCMKTS:AGESY) Rises By 54.2%

ageas SA/NV (OTCMKTS:AGESYGet Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 3,700 shares, an increase of 54.2% from the April 30th total of 2,400 shares. Based on an average trading volume of 29,400 shares, the days-to-cover ratio is currently 0.1 days.

AGESY opened at $49.66 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05. The company’s 50 day simple moving average is $49.19 and its two-hundred day simple moving average is $50.07. ageas SA/NV has a 1-year low of $42.05 and a 1-year high of $67.11. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.22 and a beta of 0.77.

ageas SA/NV (OTCMKTS:AGESYGet Rating) last released its earnings results on Wednesday, February 23rd. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.13. ageas SA/NV had a net margin of 6.45% and a return on equity of 5.70%. The business had revenue of $4.38 billion for the quarter. On average, equities analysts anticipate that ageas SA/NV will post 5.18 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on AGESY shares. Credit Suisse Group increased their target price on shares of ageas SA/NV from €38.50 ($40.96) to €42.70 ($45.43) and gave the stock an “underperform” rating in a research note on Thursday, May 12th. Morgan Stanley increased their target price on shares of ageas SA/NV from €58.00 ($61.70) to €59.00 ($62.77) and gave the stock an “overweight” rating in a research note on Thursday, February 24th. Zacks Investment Research raised shares of ageas SA/NV from a “sell” rating to a “hold” rating in a research note on Monday, May 16th. Finally, UBS Group raised their price target on shares of ageas SA/NV from €44.50 ($47.34) to €45.50 ($48.40) in a research note on Tuesday, May 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, ageas SA/NV has an average rating of “Hold” and a consensus price target of $51.14.

About ageas SA/NV (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.

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