Analysts Set Aldermore Group PLC (ALD) Price Target at $262.92

Aldermore Group PLC (LON:ALD) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 262.92 ($3.33).

A number of equities analysts have recently commented on the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 275 ($3.48) price objective on shares of Aldermore Group PLC in a report on Thursday, May 11th. Numis Securities Ltd reiterated an “add” rating and set a GBX 263 ($3.33) target price on shares of Aldermore Group PLC in a research report on Thursday, May 11th. Peel Hunt cut shares of Aldermore Group PLC to an “add” rating and set a GBX 275 ($3.48) target price for the company. in a research report on Thursday, May 11th. Shore Capital reiterated a “buy” rating on shares of Aldermore Group PLC in a research report on Thursday, May 11th. Finally, J P Morgan Chase & Co increased their target price on shares of Aldermore Group PLC from GBX 270 ($3.42) to GBX 275 ($3.48) and gave the stock a “neutral” rating in a research report on Friday, May 12th.

Shares of Aldermore Group PLC (LON ALD) traded up 1.38% during midday trading on Tuesday, hitting GBX 228.50. 1,005,750 shares of the company were exchanged. Aldermore Group PLC has a one year low of GBX 102.00 and a one year high of GBX 260.31. The stock’s 50-day moving average is GBX 245.00 and its 200-day moving average is GBX 231.32. The stock’s market cap is GBX 787.73 million.

In other news, insider James Mack sold 86,873 shares of Aldermore Group PLC stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of GBX 256 ($3.24), for a total transaction of £222,394.88 ($281,334.45).

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