ageas SA/NV (OTCMKTS:AGESY) Rating Lowered to Sell at Zacks Investment Research


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ageas SA/NV (OTCMKTS:AGESY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its business activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability, and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “

A number of other research firms have also recently weighed in on AGESY. Berenberg Bank reissued a “buy” rating on shares of ageas SA/NV in a report on Friday, February 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ageas SA/NV in a research report on Monday, March 1st. Credit Suisse Group restated an “underperform” rating on shares of ageas SA/NV in a research note on Tuesday, March 16th. Royal Bank of Canada restated a “sector perform” rating on shares of ageas SA/NV in a research note on Thursday, March 11th. Finally, UBS Group restated a “neutral” rating on shares of ageas SA/NV in a research note on Thursday, January 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.00.

AGESY opened at $60.32 on Monday. The business’s fifty day moving average is $60.61 and its two-hundred day moving average is $53.89. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 9.32 and a beta of 0.89. ageas SA/NV has a one year low of $32.02 and a one year high of $62.12.

ageas SA/NV (OTCMKTS:AGESY) last released its quarterly earnings results on Wednesday, February 24th. The financial services provider reported $0.97 earnings per share for the quarter. ageas SA/NV had a return on equity of 8.10% and a net margin of 9.03%. The company had revenue of $4.58 billion during the quarter. Equities analysts anticipate that ageas SA/NV will post 7.87 EPS for the current fiscal year.

About ageas SA/NV

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. It operates through Belgium, United Kingdom, Continental Europe, Asia, and Reinsurance segments. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products.

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Analyst Recommendations for ageas SA/NV (OTCMKTS:AGESY)

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