AA PLC (AA) Receives Average Recommendation of “Buy” from Analysts
Shares of AA PLC (LON:AA) have been assigned an average rating of “Buy” from the six brokerages that are covering the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 360 ($4.46).
A number of research analysts recently commented on the stock. Liberum Capital raised their price objective on shares of AA PLC from GBX 325 ($4.03) to GBX 375 ($4.65) and gave the company a “buy” rating in a research note on Monday, August 15th. Morgan Stanley reiterated an “overweight” rating and set a GBX 360 ($4.46) price objective on shares of AA PLC in a research note on Wednesday, November 9th. Berenberg Bank reduced their target price on shares of AA PLC from GBX 350 ($4.34) to GBX 315 ($3.90) and set a “buy” rating for the company in a report on Thursday, October 27th. Finally, Jefferies Group restated an “underperform” rating on shares of AA PLC in a report on Wednesday, September 28th.
In other news, insider Martin C. Clarke acquired 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of GBX 293 ($3.63) per share, with a total value of £586,000 ($725,876.38).
Shares of AA PLC (LON:AA) opened at 261.40 on Wednesday. AA PLC has a 12-month low of GBX 209.50 and a 12-month high of GBX 315.20. The firm’s market capitalization is GBX 1.59 billion. The stock’s 50 day moving average price is GBX 270.79 and its 200-day moving average price is GBX 269.36.
AA PLC Company Profile
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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