Amlin plc Given “Underweight” Rating at Barclays (AML)
Amlin plc (LON:AML)‘s stock had its “underweight” rating restated by Barclays in a research note issued on Thursday. They currently have a GBX 428 ($7.08) price objective on the stock. Barclays’ price target points to a potential downside of 4.38% from the company’s current price.
A number of other firms have also recently commented on AML. Analysts at Canaccord Genuity raised their price target on shares of Amlin plc from GBX 430 ($7.12) to GBX 435 ($7.20) in a research note on Tuesday, August 19th. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Amlin plc from GBX 472 ($7.81) to GBX 461 ($7.63) in a research note on Tuesday, August 19th. They now have a “hold” rating on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of Amlin plc in a research note on Monday, August 18th. They now have a GBX 434 ($7.18) price target on the stock. Seven research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 446.47 ($7.39).
Amlin plc (LON:AML) opened at 446.00 on Thursday. Amlin plc has a 1-year low of GBX 373.20 and a 1-year high of GBX 491.10. The stock’s 50-day moving average is GBX 457.8 and its 200-day moving average is GBX 461.6. The company’s market cap is £2.226 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Wednesday, September 3rd will be paid a dividend of GBX 8.10 ($0.13) per share. This represents a dividend yield of 1.8%. The ex-dividend date 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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