AGI (NYSE:AGBK) Earns Overweight Rating from Analysts at Morgan Stanley

Analysts at Morgan Stanley assumed coverage on shares of AGI (NYSE:AGBK) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $21.00 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 99.24% from the company’s current price.

AGBK has been the topic of a number of other reports. Wall Street Zen raised AGI to a “hold” rating in a report on Saturday, February 21st. HSBC began coverage on shares of AGI in a report on Thursday. They issued a “buy” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AGI presently has an average rating of “Buy” and an average target price of $18.00.

AGI Stock Down 4.2%

Shares of AGBK stock 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.