AA (AA) Stock Price Up 17.4% Following Insider Buying Activity
AA (LON:AA) rose 17.4% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 135.84 ($1.95) and last traded at GBX 133.55 ($1.91). Approximately 13,738,860 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 9,520,000 shares. The stock had previously closed at GBX 113.75 ($1.63).
Specifically, insider Simon Breakwell purchased 17,006 shares of the stock in a transaction dated Tuesday, April 17th. The stock was acquired at an average cost of GBX 117 ($1.68) per share, for a total transaction of £19,897.02 ($28,489.43). Over the last quarter, insiders have bought 17,473 shares of company stock valued at $2,034,794.
AA has been the subject of a number of recent research reports. Credit Suisse Group lowered their price target on shares of AA from GBX 150 ($2.15) to GBX 140 ($2.00) and set an “underperform” rating for the company in a report on Wednesday, January 3rd. Barclays lowered their target price on shares of AA from GBX 270 ($3.87) to GBX 200 ($2.86) and set an “overweight” rating for the company in a research note on Thursday, January 18th. Liberum Capital reiterated a “buy” rating and set a GBX 250 ($3.58) target price on shares of AA in a research note on Friday, January 19th. Berenberg Bank lowered shares of AA to a “sell” rating and lowered their target price for the company from GBX 170 ($2.43) to GBX 100 ($1.43) in a research note on Monday, February 19th. Finally, Jefferies Group lowered their target price on shares of AA from GBX 125 ($1.79) to GBX 58 ($0.83) and set an “underperform” rating for the company in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. AA has a consensus rating of “Hold” and an average price target of GBX 134.67 ($1.93).
AA plc provides roadside assistance, insurance, and driving services in the United Kingdom. It operates through Roadside Assistance, Insurance Services, Driving Services, and Insurance Underwriting segments. The company's roadside assistance services include breakdowns cover for cars, motorbikes, caravans, and vans; and additional services, such as vehicle inspections, tires, and connected car and publishing services.
Receive News & Ratings for AA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AA and related companies with MarketBeat.com's FREE daily email newsletter.