AA (AA) Given Buy Rating at Liberum Capital
AA has been the subject of a number of other research reports. Credit Suisse Group cut AA to an underperform rating and lowered their target price for the stock from GBX 235 ($3.15) to GBX 175 ($2.34) in a report on Tuesday, August 8th. Barclays reiterated an overweight rating and set a GBX 270 ($3.62) target price on shares of AA in a report on Wednesday, August 2nd. Berenberg Bank cut AA to a hold rating and decreased their price objective for the company from GBX 315 ($4.22) to GBX 170 ($2.28) in a report on Thursday, October 12th. Citigroup restated a buy rating and issued a GBX 350 ($4.69) price objective on shares of AA in a report on Wednesday, August 2nd. Finally, Jefferies Group decreased their price objective on AA from GBX 150 ($2.01) to GBX 125 ($1.67) and set an underperform rating for the company in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. AA presently has an average rating of Hold and an average price target of GBX 219.17 ($2.94).
AA (LON:AA) traded up GBX 2.20 ($0.03) on Thursday, hitting GBX 153.20 ($2.05). 4,374,587 shares of the company were exchanged, compared to its average volume of 3,270,000. AA has a 1-year low of GBX 147.50 ($1.98) and a 1-year high of GBX 284.40 ($3.81).
The company also recently announced a dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 5th were paid a GBX 3.60 ($0.05) dividend. The ex-dividend date was Thursday, October 5th. This represents a yield of 2.12%.
In other news, insider Martin C. Clarke bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was acquired at an average cost of GBX 166 ($2.22) per share, for a total transaction of £166,000 ($222,311.50). Insiders purchased a total of 100,280 shares of company stock valued at $16,645,078 over the last quarter.
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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