AA (AA.L) 24-10-19
AA (AA.L) has dropped from highs of 69p. Will it continue, or could you pick up a bargain?
- Now trading at 46.81p (at time of writing). A return to period highs would mean a rise of 47%.
- The shares are amongst the most significant fallers in the period.
- Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
- Bargain hunters should be mindful of the underlying fundamentals.
- Shares -56% from 12-month highs; +4% from 12 month lows.
Latest News
26 Sep: AA announced that it was partnering with Uber to provide roadside and service maintenance and repair. This means that Uber drivers in 40 locations within the UK will have access to the AA’s services.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires