Share on StockTwits

Equities research analysts at Berenberg Bank cut their target price on shares of Amlin plc (LON:AML) from GBX 434 ($7.20) to GBX 421 ($6.99) in a research note issued to investors on Monday. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price objective points to a potential downside of 6.42% from the company’s current price.

Shares of Amlin plc (LON:AML) opened at 447.30 on Monday. Amlin plc has a 52 week low of GBX 373.20 and a 52 week high of GBX 491.10. The stock’s 50-day moving average is GBX 456.5 and its 200-day moving average is GBX 461.4. The company’s market cap is £2.232 billion.

The company also recently declared a dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Wednesday, September 3rd will be given a dividend of GBX 8.10 ($0.13) per share. This represents a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 3rd.

AML has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “underweight” rating on shares of Amlin plc in a research note on Thursday. They now have a GBX 428 ($7.10) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Amlin plc from GBX 430 ($7.14) to GBX 435 ($7.22) in a research note on Tuesday, August 19th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Amlin plc from GBX 472 ($7.83) to GBX 461 ($7.65) in a research note on Tuesday, August 19th. They now have a “hold” rating on the stock. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Amlin plc presently has a consensus rating of “Hold” and a consensus target price of GBX 445.60 ($7.39).

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.