AON Plc Given Buy Rating at RBC Capital (AON)
AON Plc (NYSE:AON)‘s stock had its “buy” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Monday, Analyst Ratings Network reports. They currently have a $82.00 price objective on the stock. RBC Capital’s target price would indicate a potential upside of 5.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of AON Plc from $78.00 to $82.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of AON Plc from $84.00 to $90.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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, October 8th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $72.31.
AON Plc (NYSE:AON) traded up 0.68% during mid-day trading on Monday, hitting $78.07. 2,073,586 shares of the company’s stock traded hands. AON Plc has a 52 week low of $51.74 and a 52 week high of $69.59. The stock’s 50-day moving average is $67.95 and its 200-day moving average is $64.41. The company has a market cap of $24.079 billion and a price-to-earnings ratio of 23.31.
AON Plc (NYSE:AON) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.22. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company posted $0.95 earnings per share. AON Plc’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that AON Plc will post $4.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.18 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, October 30th.
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.