Aldermore Group (LON:ALD) Overweight Rating Reaffirmed Today By JP Morgan Cazenove; The Price Target Given is GBX 340.00

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Aldermore Group (LON:ALD) Rating Reaffirmed

London: In analysts note sent to clients and investors on 14 December, JP Morgan Cazenove reiterated their Overweight rating on Aldermore Group (LON:ALD) shares. They now have a GBX 340.00 target on the company. JP Morgan Cazenove’s target may mean a potential upside of 68.23% from the company’s last close price.

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 48.69% above today’s (GBX 202.1) stock price. Aldermore Group was the topic of 33 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 14 with “Overweight” rating. Numis Securities maintained shares with “Add” rating and GBX 324 target share price in a report from a November 12. Investec maintained ALD stock in a recent report from December 1 with “Buy” 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 4.67% or GBX 9.9 on December 14, striking GBX 202.1. Approximately 786,147 shares of stock traded hands. 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.

Aldermore Group (LON:ALD) Overweight Rating Reaffirmed Today By JP Morgan Cazenove; The Price Target Given is GBX 340.00

Aldermore Group plc focuses on specialist lending to small and medium-sized enterprises (SMEs) and homeowners. The company has a market cap of 696.72 million GBP. The Company’s lending divisions include asset finance, invoice finance, SME commercial mortgages and residential mortgages. It has 12.75 P/E ratio.

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