AA PLC (AA) Given Average Recommendation of “Hold” by Analysts
Shares of AA PLC (LON:AA) have been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 219.17 ($2.95).
Several equities analysts have recently commented on AA shares. Liberum Capital reissued a “buy” rating and issued a GBX 300 ($4.04) target price on shares of AA in a report on Monday, August 14th. Credit Suisse Group lowered their target price on shares of AA from GBX 175 ($2.36) to GBX 150 ($2.02) and set an “underperform” rating on the stock in a report on Monday, October 2nd. Jefferies Group lowered their target price on shares of AA from GBX 150 ($2.02) to GBX 125 ($1.68) and set an “underperform” rating on the stock in a report on Wednesday, September 27th. Finally, Berenberg Bank downgraded shares of AA to a “hold” rating and lowered their target price for the stock from GBX 315 ($4.24) to GBX 170 ($2.29) in a report on Thursday, October 12th.
In other news, insider Martin C. Clarke acquired 100,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were acquired at an average price of GBX 166 ($2.23) per share, for a total transaction of £166,000 ($223,418.57). Insiders have acquired 100,280 shares of company stock worth $16,645,078 in the last quarter.
The company also recently disclosed a dividend, which was paid on Friday, November 10th. Shareholders of record on Thursday, October 5th were given a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 2.12%. The ex-dividend date of this dividend was Thursday, October 5th.
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AA Company Profile
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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