Ageas SA (AGESY) Upgraded to Buy by Zacks Investment Research
Ageas SA (OTCMKTS:AGESY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $41.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 12.11% from the stock’s current price.
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. “
Shares of Ageas SA (OTCMKTS:AGESY) traded down 1.319% during midday trading on Tuesday, hitting $36.571. 3,276 shares of the company’s stock were exchanged. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 29.927 and a beta of 1.24. The company has a 50-day moving average of $35.69 and a 200-day moving average of $36.64. Ageas SA has a 52 week low of $31.65 and a 52 week high of $47.27.
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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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