Susquehanna Initiates Coverage on AGI (NYSE:AGBK)

Equities research analysts at Susquehanna started coverage on shares of AGI (NYSE:AGBK) in a report issued on Monday,Benzinga reports. The firm set a “positive” rating and a $17.00 price target on the stock. Susquehanna’s price objective would indicate a potential upside of 61.29% from the company’s previous close.

A number of other research firms have also recently weighed in on AGBK. Oppenheimer began coverage on shares of AGI in a research note on Monday. They set an “outperform” rating and a $15.00 price target on the stock. HSBC began coverage on shares of AGI in a report on Thursday. They set a “buy” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of AGI to a “hold” rating in a research note on Saturday, February 21st. Finally, Morgan Stanley began coverage on shares of AGI in a research report on Monday. They issued an “overweight” rating and a $21.00 target price for the company. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $17.00.

AGI Stock Performance

AGBK opened at $10.54 on Monday. AGI has a 12 month low of $10.21 and a 12 month 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.