Oppenheimer Initiates Coverage on AGI (NYSE:AGBK)

Research analysts at Oppenheimer assumed coverage on shares of AGI (NYSE:AGBK) in a research report issued to clients and investors on Monday. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 42.31% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. HSBC initiated coverage on AGI in a research report on Thursday. They set a “buy” rating and a $15.00 target price on the stock. Morgan Stanley initiated coverage on AGI in a report on Monday. They set an “overweight” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen raised shares of AGI to a “hold” rating in a research note on Saturday, February 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $17.00.

AGI Trading Down 4.2%

NYSE AGBK opened at $10.54 on Monday. AGI has a 1 year low of $10.21 and a 1 year high of $12.21.

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.