AA PLC (LON:AA) PT Lowered to GBX 150 at Credit Suisse Group
AA PLC (LON:AA) had its price target dropped by investment analysts at Credit Suisse Group from GBX 175 ($2.30) to GBX 150 ($1.97) in a note issued to investors on Monday, October 2nd. The brokerage currently has an “underperform” rating on the stock. Credit Suisse Group’s price target points to a potential downside of 5.78% from the stock’s current price.
A number of other equities research analysts also recently issued reports on AA. Liberum Capital restated a “buy” rating and issued a GBX 300 ($3.94) target price on shares of AA PLC in a report on Monday, August 14th. Jefferies Group LLC lowered 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. Barclays PLC reaffirmed an “overweight” rating and set a GBX 270 ($3.55) price target on shares of AA PLC in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 385 ($5.06) price target on shares of AA PLC in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. AA PLC has a consensus rating of “Hold” and an average price target of GBX 255.63 ($3.36).
Shares of AA PLC (LON AA) traded up 2.18% during trading on Monday, hitting GBX 159.20. 3,763,886 shares of the stock traded hands. AA PLC has a 52-week low of GBX 146.22 and a 52-week high of GBX 284.40. The firm’s market cap is GBX 971.12 million. The company’s 50 day moving average is GBX 163.73 and its 200 day moving average is GBX 217.22.
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In other AA PLC news, insider Martin C. Clarke bought 100,000 shares of the stock in a transaction on Thursday, September 28th. The stock was purchased at an average price of GBX 166 ($2.18) per share, for a total transaction of £166,000 ($218,248.75). Insiders purchased 100,268 shares of company stock worth $16,645,090 over the last ninety days.
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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