AA PLC (AA) Downgraded to Hold at Berenberg Bank
Berenberg Bank lowered shares of AA PLC (LON:AA) to a hold rating in a report published on Thursday morning. The brokerage currently has GBX 170 ($2.24) price objective on the stock, down from their prior price objective of GBX 315 ($4.14).
AA has been the topic of a number of other reports. Liberum Capital reaffirmed a buy rating and set a GBX 250 ($3.29) target price on shares of AA PLC in a report on Monday, October 2nd. Citigroup Inc. reaffirmed a buy rating and set a GBX 350 ($4.60) target price on shares of AA PLC in a report on Wednesday, August 2nd. Credit Suisse Group lowered their target price on AA PLC from GBX 275 ($3.62) to GBX 235 ($3.09) and set a neutral rating on the stock in a report on Wednesday, June 14th. Barclays PLC started coverage on AA PLC in a report on Wednesday, July 19th. They set an overweight rating and a GBX 280 ($3.68) target price on the stock. Finally, Jefferies Group LLC lowered their target price on AA PLC from GBX 150 ($1.97) to GBX 125 ($1.64) and set an underperform rating on the stock in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 255.63 ($3.36).
AA PLC (LON AA) traded up 2.18% during trading on Thursday, hitting GBX 159.20. 3,068,426 shares of the stock were exchanged. AA PLC has a one year low of GBX 147.50 and a one year high of GBX 284.40. The stock’s 50 day moving average is GBX 163.73 and its 200-day moving average is GBX 217.22. The company’s market cap is GBX 971.12 million.
COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/10/13/aa-plc-aa-downgraded-to-hold-at-berenberg-bank.html.
The company also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be issued a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 2.12%. The ex-dividend date is Thursday, October 5th.
In related news, insider Martin C. Clarke purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of GBX 166 ($2.18) per share, with a total value of £166,000 ($218,248.75). Over the last ninety days, insiders have purchased 100,268 shares of company stock worth $16,645,090.
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.
Receive News & Ratings for AA PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AA PLC and related companies with MarketBeat.com's FREE daily email newsletter.