November 30, 2016 - By Richard Conner
London: In a research report revealed to investors and clients on Wednesday, 30 November, Jefferies International restate their Underperform rating on shares of AA Plc (LON:AA). They currently have a GBX 200.00 TP on the company. Jefferies International’s target suggests a potential downside of -25.68% from the company’s last stock close price.
Out of 7 analysts covering AA Plc (LON:AA), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. GBX 1620 is the highest target while GBX 190 is the lowest. The GBX 518.57 average target is 94.37% above today’s (GBX 266.8) stock price. AA Plc has been the topic of 33 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 24 by Liberum Capital. The firm has “Buy” rating given on Monday, March 14 by Liberum Capital. The company was maintained on Wednesday, September 28 by Jefferies. The firm earned “Buy” rating on Wednesday, February 17 by Liberum Capital. The rating was maintained by Liberum Capital on Wednesday, May 4 with “Buy”. The firm earned “Hold” rating on Friday, January 22 by Peel Hunt. The stock of AA PLC (LON:AA) has “Buy” rating given on Thursday, August 4 by Liberum Capital. As per Wednesday, May 11, the company rating was maintained by Liberum Capital. Morgan Stanley maintained AA PLC (LON:AA) rating on Wednesday, November 9. Morgan Stanley has “Overweight” rating and GBX 360 price target. The company was maintained on Wednesday, September 28 by Liberum Capital.
About 34,597 shares traded hands. AA PLC (LON:AA) has declined 4.40% since May 3, 2016 and is downtrending. It has underperformed by 9.62% the S&P500.
Analysts await Arconic Inc (NYSE:ARNC) to report earnings on January, 9.
Insitutional Activity: The institutional sentiment decreased to 0.55 in 2016 Q2. Its down 0.44, from 0.99 in 2016Q1. The ratio dropped, as 47 funds sold all AA PLC shares owned while 191 reduced positions. 51 funds bought stakes while 185 increased positions. They now own 775.17 million shares or 3.51% more from 748.92 million shares in 2016Q1.
Blb&B Advsr Limited Liability Com accumulated 306,023 shares or 0.54% of the stock. Element Capital Mgmt Ltd Liability holds 77,540 shares or 0.11% of its portfolio. Hbk Investments Limited Partnership, a Texas-based fund reported 2.41M shares. Fincl Architects Inc last reported 0.1% of its portfolio in the stock. Nepsis Mgmt holds 1.08% of its portfolio in AA PLC (LON:AA) for 374,024 shares. Moreover, Ls Inv Limited Com has 0.04% invested in AA PLC (LON:AA) for 55,134 shares. Ibm Retirement Fund has 172,737 shares for 0.06% of their US portfolio. Moreover, Price T Rowe Assoc Md has 0.01% invested in AA PLC (LON:AA) for 5.70M shares. M&T National Bank Corporation accumulated 68,835 shares or 0% of the stock. Cohen And Steers last reported 0% of its portfolio in the stock. Rock Point Advsr Llc, a Vermont-based fund reported 211,020 shares. Voya Invest Lc has 0.02% invested in the company for 927,968 shares. Busey holds 0.01% of its portfolio in AA PLC (LON:AA) for 12,502 shares. Teachers Advsrs Incorporated last reported 0.07% of its portfolio in the stock. Guggenheim Cap Limited last reported 0.12% of its portfolio in the stock.
Insider Transactions: Since July 13, 2016, the stock had 5 insider buys, and 0 selling transactions for $139,828 net activity. On Wednesday, July 13 the insider SORRELL MARTIN bought $21,363. SCHMIDT ULRICH bought $52,000 worth of stock or 5,000 shares. Shares for $22,601 were bought by TATA RATAN.
AA plc offers roadside assistance service. The company has a market cap of 1.63 billion GBP. The Company’s divisions include Roadside Assistance, Insurance Services, Driving Services, Ireland, Insurance Underwriting and Head Office costs. It has a 17.09 P/E ratio. The Roadside Assistance segment sends patrols to members stranded at the side of the road and repairs their vehicles.
According to Zacks Investment Research, “Alcoa is a global industry leader in bauxite, alumina and aluminum products.”
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Firm is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. The Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.
More news for AA PLC (LON:AA) were recently published by: Reuters.com, which released: “BRIEF-AA Plc says eligible note holders can tender up to 200 mln stg for c…” on November 17, 2016. Fool.Co.Uk‘s article titled: “Can AA plc Rescue Your Portfolio Or Should You Buy Auto Trader Group plc Instead?” and published on March 18, 2016 is yet another important article.
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