AON Plc Price Target Raised to $86.00 at Barclays (AON)
Equities research analysts at Barclays hoisted their price objective on shares of AON Plc (NYSE:AON) from $82.00 to $86.00 in a research note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would indicate a potential upside of 5.21% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of AON Plc from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $87.00 price target on the stock, up previously from $77.00. They noted that the move was a valuation call. Separately, analysts at BMO Capital Markets raised their price target on shares of AON Plc from $67.00 to $71.00 in a research note to investors on Wednesday, October 30th. They now have an “underperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of AON Plc from $66.00 to $70.00 in a research note to investors on Tuesday, October 29th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.00.
AON Plc (NYSE:AON) traded up 1.05% during mid-day trading on Tuesday, hitting $82.60. 679,886 shares of the company’s stock traded hands. AON Plc has a 52 week low of $54.65 and a 52 week high of $84.33. The stock’s 50-day moving average is $82.25 and its 200-day moving average is $73.65. The company has a market cap of $24.867 billion and a P/E ratio of 24.61.
AON Plc (NYSE:AON) last announced its earnings results 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 in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that AON Plc will post $4.83 earnings per share for the current fiscal year.
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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