AA PLC (AA) Given Average Recommendation of “Hold” by Analysts

Shares of AA PLC (LON:AA) have received an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 67.50 ($0.88).

AA has been the subject of several analyst reports. Barclays reaffirmed an “equal weight” rating on shares of AA in a report on Friday, September 28th. Liberum Capital reaffirmed a “buy” rating on shares of AA in a report on Tuesday, October 2nd. Peel Hunt raised shares of AA to a “buy” rating in a report on Wednesday, November 7th. Finally, Credit Suisse Group downgraded shares of AA to an “underperform” rating and cut their price objective for the stock from GBX 110 ($1.44) to GBX 70 ($0.91) in a report on Friday, November 9th.

In other AA news, insider Steve Barber bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were bought at an average price of GBX 105 ($1.37) per share, for a total transaction of £52,500 ($68,600.55). Also, insider Mark Brooker bought 19,221 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average price of GBX 104 ($1.36) per share, for a total transaction of £19,989.84 ($26,120.27). In the last 90 days, insiders have bought 119,221 shares of company stock worth $11,448,984.

Shares of AA stock traded up GBX 1.72 ($0.02) on Friday, reaching GBX 84.02 ($1.10). 1,544,746 shares of the company traded hands, compared to its average volume of 9,520,000. AA has a 52 week low of GBX 69.92 ($0.91) and a 52 week high of GBX 274.20 ($3.58).

The business also recently disclosed a dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, October 4th were given a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, October 4th.

About AA

AA plc provides roadside assistance, insurance, and driving services in the United Kingdom. It operates through two segments, Roadside and Insurance. The company's roadside assistance services include breakdowns cover for cars, motorcycles, caravans, vans, campervans, and towing; vehicle inspections, tires, and connected car services; operates driving schools that provide driver training and educative programs, and hotels.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for AA (LON:AA)

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