ageas SA/NV (OTCMKTS:AGESY) Brief update on interest rates

ageas SA/NV (OTCMKTS:AGESY – Get Rating) saw a sharp drop in short interest in February. As of February 15, there was short interest totaling 800 shares, down 55.6% from the total of 1,800 shares as of January 31. Based on an average trading volume of 23,200 shares, the short-term interest rate ratio is currently 0.0 day.

Shares of OTCMKTS:AGESY opened at $47.60 on Thursday. The company has a market capitalization of $9.09 billion, a PE ratio of 8.95 and a beta of 0.76. ageas SA/NV has a 52 week minimum of $45.17 and a 52 week maximum of $67.11. The company has a 50-day simple moving average of $50.75 and a 200-day simple moving average of $50.18.

AGESY has been the subject of a number of research analyst reports. UBS Group reduced its price target on ageas SA/NV shares from €45.70 ($51.35) to €44.50 ($50.00) in a Wednesday research note. HSBC has downgraded the shares of ageas SA/NV from a ‘buy’ rating to a ‘hold’ rating and has set a price target of $52.50 for the company. in a Monday, January 17, research note. Morgan Stanley raised its price target on ageas SA/NV shares from €58.00 ($65.17) to €59.00 ($66.29) and gave the company an ‘overweight’ rating in a research note from Thursday, February 24. Zacks Investment Research downgraded shares of ageas SA/NV from a ‘hold’ to a ‘sell’ rating in a Tuesday, January 4 research note. Finally, Credit Suisse Group reissued an “underperform” rating on ageas SA/NV shares in a research note on Wednesday 24 November. Three analysts gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, ageas SA/NV has an average rating of ‘Hold’ and an average price target of $53.75.

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The global lithium market is expected to grow by 500% due to a growing need for lithium batteries. And a junior mining company in a renowned location in South America is in the right place at the right time to capitalize on this megatrend.

About ageas SA/NV (Get a rating)

ageas SA/NV is active in the provision of life and non-life insurance, investment and property services. It operates through the following segments: Belgium, United Kingdom, Continental Europe, Asia, Reinsurance and General Account. The Belgian segment offers life and non-life products to individuals and small and medium-sized enterprises under the name AG Insurance.

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