Berenberg Bank Downgrades Amlin to Sell (AML)
Amlin (LON:AML) was downgraded by equities researchers at Berenberg Bank from a “hold” rating to a “sell” rating in a research report issued on Friday, AnalystRatings.Net reports. They currently have a GBX 398 ($6.38) target price on the stock, down from their previous target price of GBX 422 ($6.76). Berenberg Bank’s price target would suggest a potential downside of 2.81% from the stock’s previous close.
Amlin (LON:AML) traded down 1.37% on Friday, hitting GBX 409.50. The stock had a trading volume of 656,228 shares. Amlin has a one year low of GBX 361.20 and a one year high of GBX 444.80. The stock has a 50-day moving average of GBX 394.2 and a 200-day moving average of GBX 409.0. The company’s market cap is £2.044 billion.
A number of other firms have also recently commented on AML. Analysts at Westhouse Securities reiterated an “add” rating on shares of Amlin (LON:AML) in a research note to investors on Thursday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Amlin (LON:AML) from GBX 405 ($6.49) to GBX 420 ($6.73) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Amlin (LON:AML) in a research note to investors on Friday, September 13th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 424.23 ($6.80).
Amlin plc is engaged in non-life insurance and reinsurance underwriting in the Lloyd’s market, Bermuda and Continental Europe.
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