Liberum Capital reaffirmed their buy rating on shares of AA PLC (LON:AA) in a research report report published on Friday morning. The brokerage currently has a GBX 250 ($3.29) price target on the stock.
Several other analysts have also recently issued reports on the company. Barclays PLC assumed coverage on AA PLC in a research note on Wednesday, July 19th. They set an overweight rating and a GBX 280 ($3.68) price objective on the stock. Credit Suisse Group cut AA PLC to an underperform rating and cut their price objective for the company from GBX 235 ($3.09) to GBX 175 ($2.30) in a research note on Tuesday, August 8th. Berenberg Bank cut AA PLC to a hold rating and cut their price objective for the company from GBX 315 ($4.14) to GBX 170 ($2.24) in a research note on Thursday, October 12th. Citigroup Inc. restated a buy rating and set a GBX 350 ($4.60) price objective on shares of AA PLC in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC cut their price objective on AA PLC from GBX 150 ($1.97) to GBX 125 ($1.64) and set an underperform rating on the stock in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 240.71 ($3.17).
AA PLC (AA) opened at GBX 159.52 ($2.10) on Friday. AA PLC has a one year low of GBX 147.50 ($1.94) and a one year high of GBX 284.40 ($3.74).
The firm also recently disclosed a dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 5th were issued a GBX 3.60 ($0.05) dividend. This represents a yield of 2.12%. The ex-dividend date of this dividend was Thursday, October 5th.
In other news, insider Martin C. Clarke purchased 100,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average cost of GBX 166 ($2.18) per share, with a total value of £166,000 ($218,334.87). Over the last ninety days, insiders have acquired 100,187 shares of company stock valued at $16,630,105.
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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