Amlin plc PT Lowered to GBX 461 at Deutsche Bank (AML)
Equities researchers at Deutsche Bank reduced their target price on shares of Amlin plc (LON:AML) from GBX 472 ($7.89) to GBX 461 ($7.71) in a research report issued on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 2.76% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Amlin plc in a research note on Monday. They now have a GBX 420 ($7.02) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Amlin plc presently has an average rating of “Hold” and an average price target of GBX 449.20 ($7.51).
Amlin plc (LON:AML) opened at 440.50 on Tuesday. Amlin plc has a one year low of GBX 373.20 and a one year high of GBX 491.10. The stock’s 50-day moving average is GBX 464.6 and its 200-day moving average is GBX 460.5. The company’s market cap is £2.196 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 2nd. Investors of record on Wednesday, September 3rd will be given a dividend of GBX 8.10 ($0.14) per share. This represents a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Amlin plc is engaged in non-life insurance and reinsurance underwriting in the Lloyd’s market, Bermuda and Continental Europe.
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