AGI (NYSE:AGBK) Sets New 12-Month Low – What’s Next?

AGI Inc (NYSE:AGBK)’s stock price reached a new 52-week low on Friday . The stock traded as low as $8.94 and last traded at $8.9710, with a volume of 25420 shares traded. The stock had previously closed at $9.34.

Analysts Set New Price Targets

AGBK has been the topic of a number of research analyst reports. Susquehanna started coverage on shares of AGI in a report on Monday, March 9th. They issued a “positive” rating and a $17.00 price target on the stock. Morgan Stanley initiated coverage on shares of AGI in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 price objective for the company. Wall Street Zen raised shares of AGI to a “hold” rating in a research report on Saturday, February 21st. HSBC began coverage on shares of AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of AGI in a research note on Monday, March 9th. They set a “buy” rating and a $19.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.14.

AGI Trading Down 4.4%

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.