AA PLC (AA) Price Target Raised to GBX 370
AA PLC (LON:AA) had its target price upped by analysts at Goldman Sachs Group Inc. from GBX 340 ($4.25) to GBX 370 ($4.62) in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 41.11% from the stock’s current price.
Other research analysts have also issued reports about the stock. Liberum Capital restated a “buy” rating and set a GBX 375 ($4.69) price target on shares of AA PLC in a research report on Wednesday, September 14th. Berenberg Bank cut their target price on shares of AA PLC from GBX 350 ($4.37) to GBX 315 ($3.94) and set a “buy” rating for the company in a research report on Thursday, October 27th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 360 ($4.50) target price on shares of AA PLC in a research report on Wednesday, November 9th. Finally, Jefferies Group reiterated an “underperform” rating on shares of AA PLC in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 362 ($4.52).
AA PLC (LON:AA) opened at 262.4081 on Monday. The firm’s market capitalization is GBX 1.60 billion. AA PLC has a 1-year low of GBX 209.50 and a 1-year high of GBX 315.20. The firm has a 50-day moving average price of GBX 264.67 and a 200-day moving average price of GBX 268.57.
In other AA PLC news, insider Martin C. Clarke purchased 200,000 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was acquired at an average cost of GBX 293 ($3.66) per share, for a total transaction of £586,000 ($732,133.93).
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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