JPMorgan Chase & Co. Trims ageas SA/NV (OTCMKTS:AGESY) Target Price to €34.00

ageas SA/NV (OTCMKTS:AGESYGet Rating) had its price objective decreased by JPMorgan Chase & Co. from €37.00 ($38.14) to €34.00 ($35.05) in a research report released on Friday, The Fly reports.

A number of other analysts also recently issued reports on the company. Barclays decreased their target price on ageas SA/NV from €53.50 ($55.15) to €49.50 ($51.03) in a research report on Friday, October 28th. Morgan Stanley cut ageas SA/NV from an overweight rating to an equal weight rating in a research report on Monday, October 31st. HSBC raised shares of ageas SA/NV from a hold rating to a buy rating in a report on Monday, August 1st. Societe Generale lowered shares of ageas SA/NV from a buy rating to a hold rating in a research report on Tuesday, September 13th. Finally, Berenberg Bank cut ageas SA/NV from a buy rating to a hold rating in a research report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, ageas SA/NV presently has a consensus rating of Hold and an average target price of $47.20.

ageas SA/NV Stock Up 2.4 %

ageas SA/NV stock opened at $40.00 on Friday. The firm has a 50 day moving average price of $37.92 and a 200-day moving average price of $42.00. ageas SA/NV has a twelve month low of $33.91 and a twelve month high of $57.00. The company has a market capitalization of $7.59 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.73 and a beta of 0.73.

ageas SA/NV Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 4th. Stockholders of record on Thursday, October 27th were paid a $1.0198 dividend. The ex-dividend date of this dividend was Wednesday, October 26th. This represents a dividend yield of 7.99%. ageas SA/NV’s dividend payout ratio (DPR) is 51.49%.

ageas SA/NV Company Profile

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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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