AA (LON:AA) Stock Price Passes Above 50 Day Moving Average of $24.44

AA PLC (LON:AA) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.44 and traded as high as $24.70. AA shares last traded at $23.90, with a volume of 1,044,117 shares.

Several equities research analysts recently commented on AA shares. Berenberg Bank reissued a “sell” rating on shares of AA in a report on Friday, July 3rd. Peel Hunt dropped their target price on shares of AA from GBX 160 ($1.97) to GBX 100 ($1.23) and set a “buy” rating for the company in a report on Thursday, May 7th. Barclays dropped their target price on shares of AA from GBX 100 ($1.23) to GBX 15 ($0.18) and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Liberum Capital reaffirmed a “buy” rating on shares of AA in a report on Friday, June 5th. Finally, Credit Suisse Group dropped their target price on shares of AA from GBX 45 ($0.55) to GBX 17 ($0.21) and set an “underperform” rating for the company in a report on Wednesday, May 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 67 ($0.82).

The firm’s 50-day moving average price is GBX 24.44 and its two-hundred day moving average price is GBX 31.08. The stock has a market cap of $148.38 million and a price-to-earnings ratio of 1.74.

In other news, insider Simon Breakwell purchased 295,346 shares of the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of GBX 30 ($0.37) per share, with a total value of £88,603.80 ($109,037.41).

About AA (LON:AA)

AA plc provides roadside assistance, insurance, and driving services in the United Kingdom. It operates through two segments, Roadside and Insurance. The company offers breakdowns cover for cars, motorcycles, caravans, vans, campervans, and towing; car, motorbike, van, and caravan insurance; and loans, savings, mortgage, travel currency card, insurance, and credit card products.

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