Itau BBA Securities Initiates Coverage on AGI (NYSE:AGBK)

Investment analysts at Itau BBA Securities began coverage on shares of AGI (NYSE:AGBK) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Itau BBA Securities’ price objective suggests a potential upside of 44.51% from the company’s previous close.

A number of other brokerages have also commented on AGBK. Citigroup started coverage on AGI in a research report on Monday. They issued a “buy” rating and a $18.00 target price on the stock. Morgan Stanley began coverage on shares of AGI in a research note on Monday. They issued an “overweight” rating and a $21.00 price objective on the stock. Oppenheimer began coverage on shares of AGI in a research report on Monday. They set an “outperform” rating and a $15.00 target price for the company. The Goldman Sachs Group assumed coverage on AGI in a research note on Monday. They set a “buy” rating and a $19.00 price objective for the company. Finally, HSBC started coverage on AGI in a report on Thursday. They set a “buy” rating and a $15.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AGI presently has a consensus rating of “Buy” and an average price target of $17.14.

AGI Stock Down 1.1%

AGBK traded down $0.12 on Monday, reaching $10.38. 153,075 shares of the stock were exchanged, compared to its average volume of 662,781. AGI has a fifty-two week low of $10.21 and a fifty-two week high of $12.21.

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.