Zacks Investment Research Upgrades Ageas SA (AGESY) to Buy

Ageas SA (OTCMKTS:AGESY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $47.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.36% 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. “

Separately, Morgan Stanley upgraded Ageas SA from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 13th.

Shares of Ageas SA (OTCMKTS:AGESY) traded up 0.283% during trading on Friday, reaching $41.828. 3,315 shares of the company were exchanged. Ageas SA has a 52-week low of $31.65 and a 52-week high of $43.14. The stock has a 50-day moving average of $41.30 and a 200 day moving average of $37.40. The stock has a market capitalization of $8.65 billion, a P/E ratio of 28.591 and a beta of 1.00.

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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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