A number of other brokerages have also weighed in on AA. Barclays lowered shares of AA to an equal weight rating and lifted their price objective for the company from GBX 130 ($1.70) to GBX 150 ($1.96) in a report on Monday, July 16th. Liberum Capital reiterated a buy rating and set a GBX 140 ($1.83) price objective on shares of AA in a report on Thursday, August 9th. Credit Suisse Group upgraded shares of AA to a neutral rating and lifted their price objective for the company from GBX 80 ($1.05) to GBX 130 ($1.70) in a report on Wednesday, September 5th. Finally, Jefferies Financial Group reiterated an underperform rating on shares of AA in a report on Monday, August 6th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. AA presently has an average rating of Hold and a consensus target price of GBX 96.60 ($1.26).
Shares of AA opened at GBX 100.25 ($1.31) on Wednesday. AA has a 1-year low of GBX 69.92 ($0.91) and a 1-year high of GBX 274.20 ($3.58).
The firm also recently announced a dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 4th were given a dividend of GBX 0.60 ($0.01) per share. This represents a yield of 0.58%. The ex-dividend date was Thursday, October 4th.
In other AA news, insider Steve Barber bought 50,000 shares of the business’s stock in a transaction on Tuesday, October 16th. The shares were acquired at an average price of GBX 105 ($1.37) per share, with a total value of £52,500 ($68,600.55). Also, insider Mark Brooker bought 19,221 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were acquired at an average cost of GBX 104 ($1.36) per share, for a total transaction of £19,989.84 ($26,120.27).
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: Fundamental Analysis and Individual Investors
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