AA PLC (AA) Receives Average Recommendation of “Hold” from Analysts
Shares of AA PLC (LON:AA) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 255.63 ($3.40).
Several equities analysts have weighed in on the stock. Citigroup Inc. reiterated a “buy” rating and set a GBX 350 ($4.65) price objective on shares of AA PLC in a research report on Wednesday, August 2nd. Liberum Capital reiterated a “buy” rating and set a GBX 340 ($4.52) price objective on shares of AA PLC in a research report on Monday, June 26th. Jefferies Group LLC lowered their price objective on shares of AA PLC from GBX 150 ($1.99) to GBX 125 ($1.66) and set an “underperform” rating on the stock in a research report on Wednesday, September 27th. Barclays PLC reiterated an “overweight” rating and set a GBX 270 ($3.59) price objective on shares of AA PLC in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group lowered their price objective on shares of AA PLC from GBX 175 ($2.33) to GBX 150 ($1.99) and set an “underperform” rating on the stock in a research report on Monday, October 2nd.
In related news, insider Martin C. Clarke purchased 100,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were acquired at an average cost of GBX 166 ($2.21) per share, for a total transaction of £166,000 ($220,568.70). Over the last 90 days, insiders have bought 100,268 shares of company stock worth $16,645,090.
Shares of AA PLC (AA) traded up 1.01% on Wednesday, hitting GBX 160.50. The company’s stock had a trading volume of 1,971,935 shares. AA PLC has a 52 week low of GBX 147.50 and a 52 week high of GBX 284.40. The company’s market cap is GBX 979.05 million. The stock’s 50 day moving average is GBX 163.06 and its 200-day moving average is GBX 214.78.
The business also recently declared a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be issued a dividend of GBX 3.60 ($0.05) per share. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, October 5th.
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About AA PLC
AA plc (AA) offers roadside assistance service. The Company’s segments include Roadside Assistance, Insurance Services, Driving Services, Ireland, Insurance Underwriting and Head Office costs. The Roadside Assistance segment sends patrols to members stranded at the side of the road and repairs their vehicles.
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