Ageas SA (OTCMKTS:AGESY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $41.00 price objective on the stock. Zacks Investment Research’s price objective suggests a potential upside of 11.73% from the stock’s previous close.
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 (OTCMKTS:AGESY) opened at 36.695 on Tuesday. The company has a market capitalization of $7.65 billion, a PE ratio of 30.029 and a beta of 1.24. Ageas SA has a 12-month low of $31.65 and a 12-month high of $47.27. The firm’s 50 day moving average price is $35.73 and its 200-day moving average price is $36.64.
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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