AA (AA) Upgraded to Buy at Peel Hunt

Peel Hunt upgraded shares of AA (LON:AA) to a buy rating in a research note released on Wednesday morning.

Other equities research analysts have also recently issued research reports about the stock. Liberum Capital restated a buy rating on shares of AA in a report on Tuesday, July 24th. Jefferies Financial Group restated an underperform rating on shares of AA in a report on Monday, August 6th. Barclays restated an equal weight rating on shares of AA in a report on Friday, September 28th. Finally, Credit Suisse Group upgraded shares of AA to a neutral rating and raised their target price for the stock from GBX 80 ($1.05) to GBX 130 ($1.70) in a report on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 96.60 ($1.26).

Shares of AA stock opened at GBX 100.25 ($1.31) on Wednesday. AA has a 12-month low of GBX 69.92 ($0.91) and a 12-month high of GBX 274.20 ($3.58).

The company 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. The ex-dividend date was Thursday, October 4th. This represents a dividend yield of 0.58%.

In related news, insider Steve Barber purchased 50,000 shares of AA stock in a transaction on Tuesday, October 16th. The shares were bought at an average cost of GBX 105 ($1.37) per share, for a total transaction of £52,500 ($68,600.55). Also, insider Mark Brooker purchased 19,221 shares of AA stock in a transaction on Thursday, September 27th. The stock was bought at an average price of GBX 104 ($1.36) per share, for a total transaction of £19,989.84 ($26,120.27).

AA Company Profile

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.

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Analyst Recommendations for AA (LON:AA)

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