Berenberg Bank cut shares of AA PLC (LON:AA) to a hold rating in a report issued on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has GBX 170 ($2.24) price target on the stock, down from their prior price target of GBX 315 ($4.14).
Other equities analysts also recently issued reports about the stock. Liberum Capital reiterated a buy rating and issued a GBX 250 ($3.29) target price on shares of AA PLC in a report on Monday, October 2nd. Citigroup Inc. reiterated a buy rating and issued a GBX 350 ($4.60) target price on shares of AA PLC in a report on Wednesday, August 2nd. Credit Suisse Group reduced their target price on shares of AA PLC from GBX 275 ($3.62) to GBX 235 ($3.09) and set a neutral rating for the company in a report on Wednesday, June 14th. Barclays PLC began coverage on shares of AA PLC in a report on Wednesday, July 19th. They issued an overweight rating and a GBX 280 ($3.68) target price for the company. Finally, Jefferies Group LLC reduced their target price on shares of AA PLC from GBX 150 ($1.97) to GBX 125 ($1.64) and set an underperform rating for the company in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 255.63 ($3.36).
AA PLC (AA) opened at 159.20 on Thursday. AA PLC has a 52 week low of GBX 147.50 and a 52 week high of GBX 284.40. The company has a 50 day moving average of GBX 163.48 and a 200 day moving average of GBX 216.96. The company’s market capitalization is GBX 971.12 million.
The firm also recently declared a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 3.60 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a dividend yield of 2.12%.
In related news, insider Martin C. Clarke acquired 100,000 shares of the stock in a transaction on Thursday, September 28th. The shares were acquired at an average price of GBX 166 ($2.18) per share, for a total transaction of £166,000 ($218,248.75). In the last quarter, insiders 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.
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