Analysts at JP Morgan Cazenove Reiterated their Past ‘”Overweight”’ rating on Shares Aldermore Group (LON:ALD), Set a GBX 340.00 PT

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Aldermore Group (LON:ALD) Rating Reaffirmed

JP Morgan Cazenove now has a GBX 340.00 target price on shares of Aldermore Group (LON:ALD). The target price would suggest a potential upside of 60.38% from the last stock close price of Aldermore Group (LON:ALD). This rating was disclosed to clients in a recent report on Monday morning.

From a total of 12 analysts covering Aldermore Group (LON:ALD) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 340 while the lowest target price is GBX 240. The mean of all analyst targets is GBX 292.75 with a 41.75% above today’s (GBX 212) stock price. Aldermore Group was the topic of 32 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 11 with “Hold” rating. Numis Securities maintained shares with “Add” rating and GBX 324 target share price in a report from a November 12. BNP Paribas maintained ALD stock in a recent report from November 13 with “Neutral” rating. Credit Suisse maintained the rating on September 4. Credit Suisse has a “Neutral” rating and a GBX 265 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a November 13.

The stock decreased 6.48% or GBX 14.7 on December 11, striking GBX 212. Approximately 1.49 million shares of stock traded hands or 24.17% up from the average. Aldermore Group PLC (LON:ALD) has declined 14.86% since May 15, 2015 and is downtrending. It has underperformed by 10.44% the S&P500.

Analysts at JP Morgan Cazenove Reiterated their Past ‘

Aldermore Group plc focuses on specialist lending to small and medium-sized enterprises (SMEs) and homeowners. The company has a market cap of 781.52 million GBP. The Company’s lending divisions include asset finance, invoice finance, SME commercial mortgages and residential mortgages. It has 13.37 P/E ratio.

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