AGI Inc (NYSE:AGBK) Receives Consensus Rating of “Buy” from Analysts

AGI Inc (NYSE:AGBK) has been given an average rating of “Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.1429.

A number of research analysts recently commented on AGBK shares. Oppenheimer initiated coverage on AGI in a research note on Monday. They set an “outperform” rating and a $15.00 price objective for the company. Susquehanna began coverage on shares of AGI in a report on Monday. They set a “positive” rating and a $17.00 price target for the company. Citigroup assumed coverage on shares of AGI in a report on Monday. They issued a “buy” rating and a $18.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of AGI in a research note on Monday. They set a “buy” rating and a $19.00 target price for the company. Finally, Itau BBA Securities assumed coverage on shares of AGI in a research note on Monday. They issued an “outperform” rating and a $15.00 price target on the stock.

AGI Trading Down 1.0%

Shares of AGI stock traded down $0.10 on Monday, reaching $10.40. 264,824 shares of the company were exchanged, compared to its average volume of 667,164. AGI has a 1-year low of $10.21 and a 1-year high of $12.21.

AGI News Roundup

Here are the key news stories impacting AGI this week:

• Positive Sentiment: Morgan Stanley initiated coverage with an Overweight rating and a $21.00 price target (~102% upside vs. $10.41). Morgan Stanley note
• Positive Sentiment: Goldman Sachs initiated coverage with a Buy rating and a $19.00 price target (~82.5% upside vs. $10.41).
• Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $18.00 price target (~72.9% upside vs. $10.41). Benzinga
• Positive Sentiment: Susquehanna started coverage with a Positive rating and a $17.00 price target (~63.3% upside vs. $10.41). Benzinga
• Positive Sentiment: Oppenheimer initiated with an Outperform rating and a $15.00 price target (~44.1% upside vs. $10.41).
• Positive Sentiment: Itau BBA Securities initiated coverage with an Outperform rating and a $15.00 price target (~44.1% upside vs. $10.41).

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.