Aldermore Group PLC (ALD) Upgraded by Barclays PLC to Overweight
Aldermore Group PLC (LON:ALD) was upgraded by analysts at Barclays PLC to an “overweight” rating in a report released on Tuesday. The brokerage presently has a GBX 200 ($2.61) price objective on the stock, up from their prior price objective of GBX 150 ($1.96). Barclays PLC’s price target suggests a potential upside of 9.17% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Aldermore Group PLC to a “neutral” rating and dropped their target price for the stock from GBX 275 ($3.59) to GBX 165 ($2.15) in a report on Wednesday, June 29th. Peel Hunt lowered shares of Aldermore Group PLC to a “hold” rating and lowered their price target for the stock from GBX 235 ($3.07) to GBX 145 ($1.89) in a research report on Monday, July 18th. Deutsche Bank AG restated a “buy” rating on shares of Aldermore Group PLC in a research report on Thursday, June 16th. BNP Paribas restated a “neutral” rating and set a GBX 165 ($2.15) price target on shares of Aldermore Group PLC in a research report on Friday, July 15th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 212 ($2.77) price target on shares of Aldermore Group PLC in a research report on Thursday, August 11th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 205 ($2.68).
Shares of Aldermore Group PLC (LON:ALD) traded down 4.732193% during trading on Tuesday, reaching GBX 183.494232. 1,303,167 shares of the company’s stock were exchanged. Aldermore Group PLC has a 52 week low of GBX 102.00 and a 52 week high of GBX 293.00. The firm’s market capitalization is GBX 632.58 billion. The company’s 50-day moving average price is GBX 166.94 and its 200 day moving average price is GBX 173.43.
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About Aldermore Group PLC
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