AGI (NYSE:AGBK) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities began coverage on shares of AGI (NYSE:AGBK) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $15.00 price objective on the stock.

Several other equities analysts have also commented on the stock. Morgan Stanley started coverage on shares of AGI in a research report on Monday. They set an “overweight” rating and a $21.00 price objective for the company. Wall Street Zen upgraded shares of AGI to a “hold” rating in a report on Saturday, February 21st. The Goldman Sachs Group started coverage on shares of AGI in a report on Monday. They issued a “buy” rating and a $19.00 price target for the company. Citigroup began coverage on AGI in a research report on Monday. They issued a “buy” rating and a $18.00 price target for the company. Finally, Susquehanna started coverage on AGI in a research note on Monday. They set a “positive” rating and a $17.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $17.14.

AGI Price Performance

NYSE AGBK opened at $10.53 on Monday. AGI has a one year low of $10.21 and a one year high of $12.21.

Key Stories Impacting AGI

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.