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

AGI Inc (NYSE:AGBK) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $17.1429.

AGBK has been the topic of several recent research reports. Susquehanna began coverage on AGI in a research report on Monday. They set a “positive” rating and a $17.00 price target on the stock. Itau BBA Securities began coverage on shares of AGI in a research report on Monday. They set an “outperform” rating and a $15.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of AGI in a research note on Monday. They issued a “buy” rating and a $19.00 target price for the company. HSBC assumed coverage on shares of AGI in a report on Thursday. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of AGI in a research report on Monday. They issued a “buy” rating and a $18.00 price objective for the company.

AGI Price Performance

NYSE:AGBK traded down $0.10 during mid-day trading on Monday, hitting $10.40. The company had a trading volume of 264,824 shares, 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.

Key Headlines Impacting AGI

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).

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.