AGI (NYSE:AGBK) Now Covered by Analysts at Citigroup

Citigroup assumed coverage on shares of AGI (NYSE:AGBK) in a research report report published on Monday morning, Marketbeat reports. The firm issued a buy rating and a $18.00 price objective on the stock.

A number of other analysts also recently issued reports on AGBK. Morgan Stanley initiated coverage on shares of AGI in a report on Monday. They set an “overweight” rating and a $21.00 price objective for the company. Oppenheimer initiated coverage on AGI in a report on Monday. They issued an “outperform” rating and a $15.00 price objective for the company. Wall Street Zen upgraded AGI to a “hold” rating in a research report on Saturday, February 21st. Susquehanna initiated coverage on AGI in a report on Monday. They set a “positive” rating and a $17.00 price objective on the stock. Finally, HSBC initiated coverage on AGI in a research note on Thursday, March 5th. They issued a “buy” rating and a $15.00 target price for the company. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, AGI currently has an average rating of “Buy” and a consensus price target of $17.14.

AGI Trading Up 0.2%

AGBK stock opened at $10.53 on Monday. AGI has a 1-year low of $10.21 and a 1-year high of $12.21.

AGI News Roundup

Here are the key news stories impacting AGI this week:

• Positive Sentiment: Morgan Stanley started coverage with an “Overweight” rating and a $21 price target (≈99.5% upside). This is the most aggressive target and likely the biggest single driver of buying interest today.
• Positive Sentiment: The Goldman Sachs Group initiated coverage with a “Buy” rating and a $19 price target (≈80.5% upside).
• Positive Sentiment: Citigroup initiated coverage with a “Buy” rating and an $18 price target (≈71% upside). Article Title
• Positive Sentiment: Susquehanna started coverage at “Positive” with a $17 price target (≈61.5% upside). Article Title
• Positive Sentiment: Itau BBA initiated coverage with an “Outperform” and a $15 price target (≈42.5% upside). Article Title Ticker Report
• Positive Sentiment: Oppenheimer initiated with an “Outperform” and a $15 price target (≈42.5% upside). Article Title

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.