Ageas SA (NASDAQ:AGESY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $53.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.81% from the company’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. “

Ageas SA (NASDAQ:AGESY) traded up 0.92% during trading on Tuesday, reaching $47.40. 5,176 shares of the company’s stock were exchanged. Ageas SA has a 1-year low of $34.65 and a 1-year high of $47.40. The company’s 50-day moving average is $46.63 and its 200-day moving average is $42.73.

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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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