AON Plc’s “Buy” Rating Reaffirmed at RBC Capital (AON)
AON Plc (NYSE:AON)‘s stock had its “buy” rating reiterated by RBC Capital in a research note issued on Tuesday, Stock Ratings News reports. They currently have a $82.00 price objective on the stock. RBC Capital’s price target points to a potential upside of 14.88% from the stock’s previous close.
Shares of AON Plc (NYSE:AON) traded down 1.07% on Tuesday, hitting $71.38. 1,290,968 shares of the company’s stock traded hands. AON Plc has a 1-year low of $51.78 and a 1-year high of $76.30. The stock has a 50-day moving average of $70.52 and a 200-day moving average of $66.15. The company has a market cap of $21.947 billion and a P/E ratio of 23.06.
AON Plc (NYSE:AON) last announced its earnings results on Friday, July 26th. The company reported $1.11 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue 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 analysts have also recently weighed in on AON. Analysts at Sandler O’Neill raised their price target on shares of AON Plc from $75.00 to $82.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of AON Plc from $60.00 to $66.00 in a research note to investors on Tuesday, October 1st. They now have a “hold” rating on the stock. Finally, analysts at Barclays Capital reiterated a “hold” rating on shares of AON Plc in a research note to investors on Friday, September 27th. They now have a $78.00 price target on the stock, up previously from $63.00. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $71.15.
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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