Aldermore Group PLC (ALD) Rating Increased to Overweight at Barclays PLC
Aldermore Group PLC (LON:ALD) was upgraded by equities researchers at Barclays PLC to an “overweight” rating in a note issued to investors on Tuesday. The firm currently has a GBX 200 ($2.61) price target on the stock, up from their previous price target of GBX 150 ($1.96). Barclays PLC’s target price would indicate a potential upside of 13.90% from the stock’s current price.
Several other research analysts also recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating and set a GBX 290 ($3.79) price target on shares of Aldermore Group PLC in a report on Thursday, August 25th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 212 ($2.77) price target on shares of Aldermore Group PLC in a report on Thursday, August 11th. Macquarie reiterated an “outperform” rating and set a GBX 235 ($3.07) price target on shares of Aldermore Group PLC in a report on Friday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Aldermore Group PLC from GBX 165 ($2.15) to GBX 200 ($2.61) and gave the stock a “neutral” rating in a report on Tuesday, September 20th. Finally, Credit Suisse Group AG lowered their price target on shares of Aldermore Group PLC from GBX 260 ($3.39) to GBX 185 ($2.41) and set an “outperform” rating for the company in a report on Wednesday, July 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 205 ($2.68).
Shares of Aldermore Group PLC (LON:ALD) opened at 175.60 on Tuesday. The firm has a 50 day moving average price of GBX 162.43 and a 200 day moving average price of GBX 173.91. Aldermore Group PLC has a 1-year low of GBX 102.00 and a 1-year high of GBX 293.00. The firm’s market cap is GBX 605.36 million.
About Aldermore Group PLC
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