Ageas SA (AGESY) Rating Increased to Buy at Zacks Investment Research

Ageas SA (NASDAQ:AGESY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm currently has a $52.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.41% from the company’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. “

Shares of Ageas SA (NASDAQ:AGESY) opened at 46.26 on Friday. The company has a market cap of $9.32 billion and a price-to-earnings ratio of 21.01. The company has a 50 day moving average of $46.27 and a 200-day moving average of $42.01. Ageas SA has a 52 week low of $34.65 and a 52 week high of $47.39.

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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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