AA (LON:AA) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 143 ($1.99).
AA has been the subject of a number of analyst reports. Liberum Capital reduced their price objective on shares of AA from GBX 250 ($3.49) to GBX 100 ($1.39) and set a “buy” rating for the company in a report on Wednesday, February 21st. Barclays reduced their price objective on shares of AA from GBX 200 ($2.79) to GBX 130 ($1.81) and set an “overweight” rating for the company in a report on Monday, March 19th. Berenberg Bank downgraded shares of AA to a “sell” rating and reduced their price objective for the stock from GBX 170 ($2.37) to GBX 100 ($1.39) in a report on Monday, February 19th. Credit Suisse Group raised shares of AA to a “neutral” rating and raised their price objective for the stock from GBX 80 ($1.12) to GBX 130 ($1.81) in a report on Wednesday, April 18th. Finally, Jefferies Group reduced their price objective on shares of AA from GBX 125 ($1.74) to GBX 58 ($0.81) and set an “underperform” rating for the company in a report on Thursday, February 22nd.
In other news, insider Simon Breakwell purchased 17,006 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The stock was purchased at an average cost of GBX 117 ($1.63) per share, with a total value of £19,897.02 ($27,750.38). Insiders have purchased a total of 17,473 shares of company stock valued at $2,034,794 over the last three months.
Shares of LON:AA traded up GBX 4.85 ($0.07) during midday trading on Friday, reaching GBX 132.65 ($1.85). 3,334,670 shares of the company’s stock were exchanged, compared to its average volume of 9,520,000. AA has a 12 month low of GBX 69.92 ($0.98) and a 12 month high of GBX 274.20 ($3.82).
The company also recently declared a dividend, which will be paid on Tuesday, June 12th. Investors of record on Thursday, May 3rd will be issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 1.01%. The ex-dividend date is Thursday, May 3rd.
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.
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