AGI (NYSE:AGBK) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Oppenheimer initiated coverage on AGI in a report on Monday, March 9th. They set an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of AGI to a “hold” rating in a research report on Saturday, February 21st. The Goldman Sachs Group assumed coverage on shares of AGI in a report on Monday, March 9th. They set a “buy” rating and a $19.00 price objective on the stock. Citigroup started coverage on shares of AGI in a research note on Monday, March 9th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Zacks Research raised shares of AGI to a “hold” rating in a research note on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, AGI presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.14.

AGI Stock Down 4.4%

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.