JPMorgan Chase & Co. Reiterates “Underweight” Rating for Amlin plc (AML)
Amlin plc (LON:AML)‘s stock had its “underweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 390 ($6.55) price objective on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 13.35% from the company’s current price.
Amlin plc (LON:AML) traded down 0.11% during mid-day trading on Tuesday, hitting GBX 450.10. 1,452,613 shares of the company’s stock traded hands. Amlin plc has a one year low of GBX 372.10 and a one year high of GBX 488.40. The stock’s 50-day moving average is GBX 467.5 and its 200-day moving average is GBX 443.0. The company’s market cap is £2.244 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated an “add” rating on shares of Amlin plc in a research note on Tuesday, April 22nd. They now have a GBX 500 ($8.40) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Amlin plc in a research note on Monday, April 7th. They now have a GBX 491 ($8.25) price target on the stock. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 437.94 ($7.36).
Amlin plc is engaged in non-life insurance and reinsurance underwriting in the Lloyd’s market, Bermuda and Continental Europe.
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