Aon plc Class A Ordinary Shares (UK) (AON) is Downgraded by MKM Partners to Neutral, Price Target at $115

Aon plc Class A Ordinary Shares (UK) (AON) was Downgraded by MKM Partners to ” Neutral” and the brokerage firm has set the Price Target at $115. Earlier the firm had a rating of “Buy ” on the company shares. MKM Partners advised their investors in a research report released on Aug 9, 2016.

On the company’s financial health, Aon plc Class A Ordinary Shares (UK) reported $1.39 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $1.39. The company had revenue of $2766.00 million for the quarter, compared to analysts expectations of $2854.63 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.

Aon plc Class A Ordinary Shares (UK) closed down -0.22 points or -0.20% at $110.43 with 9,23,183 shares getting traded on Monday. Post opening the session at $110.5, the shares hit an intraday low of $110.16 and an intraday high of $110.8326 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 3, 2016, Stephen P Mcgill (Chairman/CEO – ARS) sold 46,698 shares at $108.41 per share price. According to the SEC, on Mar 23, 2016, Peter M Lieb (EVP & General Counsel) sold 25,000 shares at $101.24 per share price. On Feb 26, 2016, Laurel G. Meissner (SVP & Global Controller) sold 10,000 shares at $93.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Aon plc Class A Ordinary Shares (UK)

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