AA PLC (AA) Stock Rating Lowered by Berenberg Bank
AA PLC (LON:AA) was downgraded by equities researchers at Berenberg Bank to a “hold” rating in a report issued on Thursday. They presently have a GBX 170 ($2.24) price objective on the stock, down from their prior price objective of GBX 315 ($4.14). Berenberg Bank’s price target suggests a potential upside of 6.78% from the stock’s previous close.
Several other brokerages have also recently weighed in on AA. Barclays PLC began coverage on AA PLC in a research report on Wednesday, July 19th. They set an “overweight” rating and a GBX 280 ($3.68) target price on the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 340 ($4.47) target price on shares of AA PLC in a research report on Wednesday, July 5th. Credit Suisse Group reduced their target price on AA PLC from GBX 275 ($3.62) to GBX 235 ($3.09) and set a “neutral” rating on the stock in a research report on Wednesday, June 14th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 350 ($4.60) target price on shares of AA PLC in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reduced their target price on AA PLC from GBX 150 ($1.97) to GBX 125 ($1.64) and set an “underperform” rating on the stock in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. AA PLC currently has an average rating of “Hold” and an average price target of GBX 255.63 ($3.36).
AA PLC (LON:AA) opened at 159.20 on Thursday. AA PLC has a 52-week low of GBX 147.50 and a 52-week high of GBX 284.40. The company’s market capitalization is GBX 971.12 million. The company’s 50-day moving average is GBX 163.73 and its 200-day moving average is GBX 217.22.
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In other news, insider Martin C. Clarke bought 100,000 shares of AA PLC stock in a transaction on Thursday, September 28th. The stock was acquired at an average price of GBX 166 ($2.18) per share, with a total value of £166,000 ($218,248.75). Insiders have acquired 100,268 shares of company stock worth $16,645,090 in the last quarter.
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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