AA PLC (AA) Downgraded to “Underperform” at Credit Suisse Group

AA PLC (LON:AA) was downgraded by Credit Suisse Group to an “underperform” rating in a report released on Tuesday, August 8th, Marketbeat.com reports. They currently have a GBX 175 ($2.27) target price on the stock, down from their prior target price of GBX 235 ($3.05). Credit Suisse Group’s price target indicates a potential downside of 5.96% from the stock’s previous close.

Several other analysts also recently commented on the stock. Barclays PLC started coverage on shares of AA PLC in a research report on Wednesday, July 19th. They issued an “overweight” rating and a GBX 280 ($3.63) price target for the company. Liberum Capital reissued a “buy” rating and issued a GBX 340 ($4.41) price objective on shares of AA PLC in a research note on Friday, June 9th. Finally, Citigroup Inc. reissued a “buy” rating and issued a GBX 385 ($5.00) price objective on shares of AA PLC in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 305.71 ($3.97).

AA PLC (LON AA) traded down 1.74% on Tuesday, hitting GBX 186.10. 1,470,254 shares of the stock traded hands. The company’s 50 day moving average price is GBX 219.51 and its 200-day moving average price is GBX 243.15. The stock’s market cap is GBX 1.13 billion. AA PLC has a 52-week low of GBX 176.18 and a 52-week high of GBX 309.00.

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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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