AGI (NYSE:AGBK) Upgraded at Zacks Research

Zacks Research upgraded shares of AGI (NYSE:AGBK) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of AGI in a research report on Monday. They set a “buy” rating and a $19.00 target price on the stock. Morgan Stanley began coverage on AGI in a research note on Monday. They issued an “overweight” rating and a $21.00 price target for the company. Oppenheimer started coverage on AGI in a research note on Monday. They set an “outperform” rating and a $15.00 price objective on the stock. Itau BBA Securities assumed coverage on AGI in a research report on Monday. They set an “outperform” rating and a $15.00 target price for the company. Finally, Citigroup assumed coverage on AGI in a report on Monday. They set a “buy” rating and a $18.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.14.

AGI Price Performance

NYSE:AGBK opened at $9.28 on Tuesday. AGI has a 52 week low of $9.16 and a 52 week high of $12.21.

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.