Zacks Investment Research upgraded shares of Ageas SA (NASDAQ:AGESY) from a hold rating to a buy rating in a report issued on Friday morning. Zacks Investment Research currently has $52.00 price objective on the stock.

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. “

Ageas SA (AGESY) traded down 0.45% during mid-day trading on Friday, hitting $46.26. 3,594 shares of the stock were exchanged. Ageas SA has a one year low of $34.65 and a one year high of $47.39. The company has a 50-day moving average price of $46.27 and a 200-day moving average price of $42.01. The company has a market cap of $9.32 billion and a P/E ratio of 21.01.

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About Ageas SA

ageas SA is an international insurance company. The Company’s business segments include Belgium, the United Kingdom, Continental Europe, Asia and General Account. The Belgian insurance activities operate under the name of AG Insurance. The Company’s business in the United Kingdom is a national provider of Nonlife insurance solutions.

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