ageas SA/NV (OTCMKTS:AGESY) Stock Rating Upgraded by HSBC

HSBC upgraded shares of ageas SA/NV (OTCMKTS:AGESYGet Rating) from a hold rating to a buy rating in a research report report published on Monday, The Fly reports.

AGESY has been the subject of several other research reports. Credit Suisse Group boosted their price objective on shares of ageas SA/NV from €38.50 ($39.69) to €42.70 ($44.02) and gave the stock an underperform rating in a research report on Thursday, May 12th. UBS Group boosted their price objective on shares of ageas SA/NV from €44.50 ($45.88) to €45.50 ($46.91) in a research report on Tuesday, May 17th. ING Group started coverage on shares of ageas SA/NV in a research report on Friday, June 10th. They issued a hold rating for the company. Finally, Barclays began coverage on shares of ageas SA/NV in a research report on Wednesday, June 29th. They issued an overweight rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $49.93.

ageas SA/NV Stock Performance

OTCMKTS:AGESY opened at $42.58 on Monday. ageas SA/NV has a 1 year low of $39.38 and a 1 year high of $57.00. The firm has a 50 day moving average of $44.27 and a 200-day moving average of $47.27. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.08 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.74.

ageas SA/NV (OTCMKTS:AGESYGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The financial services provider reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.62. ageas SA/NV had a net margin of 6.45% and a return on equity of 5.70%. The firm had revenue of $2.52 billion during the quarter. As a group, sell-side analysts anticipate that ageas SA/NV will post 5.66 EPS for the current fiscal year.

ageas SA/NV Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, June 10th. Shareholders of record on Monday, June 6th were issued a dividend of $2.0559 per share. This represents a yield of 4.02%. The ex-dividend date of this dividend was Friday, June 3rd. ageas SA/NV’s dividend payout ratio is presently 40.63%.

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.

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Analyst Recommendations for ageas SA/NV (OTCMKTS:AGESY)

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