Amlin plc Given New GBX 435 Price Target at Canaccord Genuity (AML)
Equities researchers at Canaccord Genuity increased their price objective on shares of Amlin plc (LON:AML) from GBX 430 ($7.19) to GBX 435 ($7.27) in a research report issued on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 3.03% from the stock’s previous close.
Amlin plc (LON:AML) opened at 440.30 on Tuesday. Amlin plc has a 52-week low of GBX 373.20 and a 52-week high of GBX 491.10. The stock has a 50-day moving average of GBX 464.6 and a 200-day moving average of GBX 460.5. The company’s market cap is £2.195 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Investors of record on Wednesday, September 3rd will be paid a dividend of GBX 8.10 ($0.14) per share. This represents a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 3rd.
A number of other firms have also recently commented on AML. Analysts at Deutsche Bank cut their price target on shares of Amlin plc from GBX 472 ($7.89) to GBX 461 ($7.71) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Amlin plc in a research note on Monday. They now have a GBX 434 ($7.26) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Amlin plc in a research note on Monday. They now have a GBX 442 ($7.39) price target on the stock. Seven research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 449.20 ($7.51).
Amlin plc is engaged in non-life insurance and reinsurance underwriting in the Lloyd’s market, Bermuda and Continental Europe.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.