Barclays Maintains Overweight Rating for PagSeguro Digital: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of PagSeguro Digital PAGS and lower its price target from $16.00 to $14.00.

Shares of PagSeguro Digital are trading down 4.84% over the last 24 hours, at $9.94 per share.

A move to $14.00 would account for a 40.92% increase from the current share price.

About PagSeguro Digital

PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused primarily on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.