Deutsche Bank Increases AON Plc Price Target to $66.00 (AON)
Equities research analysts at Deutsche Bank lifted their price target on shares of AON Plc (NYSE:AON) from $60.00 to $66.00 in a research note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential downside of 11.34% from the company’s current price.
AON Plc (NYSE:AON) traded down 1.02% during mid-day trading on Tuesday, hitting $73.68. The stock had a trading volume of 4,789,685 shares. AON Plc has a 52-week low of $51.78 and a 52-week high of $76.30. The stock’s 50-day moving average is $69.79 and its 200-day moving average is $65.57. The company has a market cap of $22.654 billion and a price-to-earnings ratio of 23.79.
AON Plc (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that AON Plc will post $4.71 EPS for the current fiscal year.
A number of other firms have also recently commented on AON. Analysts at RBC Capital raised their price target on shares of AON Plc (NYSE:AON) from $73.00 to $82.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of AON Plc (NYSE:AON) from $63.00 to $78.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of AON Plc (NYSE:AON) from $51.00 to $73.00 in a research note to investors on Thursday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.08.
Aon plc (NYSE:AON) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions.
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