AA PLC (AA) Stock Rating Reaffirmed by Morgan Stanley
AA PLC (LON:AA)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a report released on Wednesday. They presently have a GBX 360 ($4.46) price objective on the stock. Morgan Stanley’s price target points to a potential upside of 36.16% from the stock’s previous close.
A number of other research firms also recently weighed in on AA. Liberum Capital upped their price objective on AA PLC from GBX 325 ($4.03) to GBX 375 ($4.65) and gave the company a “buy” rating in a report on Monday, August 15th. Berenberg Bank decreased their target price on AA PLC from GBX 350 ($4.34) to GBX 315 ($3.90) and set a “buy” rating for the company in a research note on Thursday, October 27th. Finally, Jefferies Group reissued an “underperform” rating on shares of AA PLC in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 360 ($4.46).
AA PLC (LON:AA) opened at 264.20 on Wednesday. AA PLC has a 52 week low of GBX 209.50 and a 52 week high of GBX 315.20. The firm’s market cap is GBX 1.61 billion. The company has a 50-day moving average of GBX 272.08 and a 200 day moving average of GBX 269.43.
In other news, insider Martin C. Clarke bought 200,000 shares of the stock in a transaction dated Wednesday, September 28th. The shares were bought at an average price of GBX 293 ($3.63) per share, for a total transaction of £586,000 ($725,876.38).
About AA PLC
AA plc (AA) offers roadside assistance service. The Company’s segments include Roadside Assistance, Insurance Services, Driving Services, Ireland, Insurance Underwriting and Head Office costs. The Roadside Assistance segment sends patrols to members stranded at the side of the road and repairs their vehicles.
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