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

Susquehanna assumed coverage on shares of AGI (NYSE:AGBK) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued a positive rating and a $17.00 price target on the stock.

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

AGI Stock Up 0.2%

AGI stock opened at $10.53 on Monday. AGI has a 12 month low of $10.21 and a 12 month 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

About AGI

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.