Todays Report: The AA PLC (AA) Price Target Cut to GBX 315

The AA PLC (AA) Price Target Cut to GBX 315

AA PLC (LON:AA) had its price objective reduced by equities researchers at Berenberg Bank from GBX 350 ($4.27) to GBX 315 ($3.84) in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 21.86% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Liberum Capital increased their target price on AA PLC from GBX 325 ($3.96) to GBX 375 ($4.57) and gave the company a “buy” rating in a research report on Monday, August 15th. Jefferies Group reiterated an “underperform” rating on shares of AA PLC in a research report on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 360 ($4.39).

AA PLC (LON:AA) opened at 258.50 on Thursday. AA PLC has a 12-month low of GBX 209.50 and a 12-month high of GBX 315.20. The stock’s 50 day moving average price is GBX 282.58 and its 200 day moving average price is GBX 270.53. The company’s market cap is GBX 1.57 billion.

In related news, insider Martin C. Clarke purchased 200,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was bought at an average price of GBX 293 ($3.57) per share, with a total value of £586,000 ($714,198.66).

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