Admiral Group plc (LON:ADM) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Admiral Group plc (LON:ADM) have been given an average rating of “Hold” by the seventeen analysts that are presently covering the stock. Six investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,811.29 ($23.64).
Several research analysts have issued reports on the stock. Barclays PLC restated an “underweight” rating on shares of Admiral Group plc in a research report on Thursday, September 22nd. Berenberg Bank lifted their price target on shares of Admiral Group plc from GBX 1,657 ($21.63) to GBX 1,804 ($23.55) and gave the stock a “hold” rating in a research report on Friday, September 16th. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,725 ($22.52) price target on shares of Admiral Group plc in a research report on Wednesday, September 14th. HSBC lifted their price target on shares of Admiral Group plc from GBX 1,865 ($24.34) to GBX 1,930 ($25.19) and gave the stock a “hold” rating in a research report on Thursday, September 8th. Finally, Macquarie restated an “underperform” rating and issued a GBX 1,542 ($20.13) price target on shares of Admiral Group plc in a research report on Wednesday, September 7th.
In related news, insider Holmes,Colin P sold 16,500 shares of Admiral Group plc stock in a transaction on Thursday, August 18th. The shares were sold at an average price of GBX 2,089 ($27.27), for a total value of £344,685 ($449,921.68). Also, insider Jones ,Geraint acquired 87 shares of Admiral Group plc stock in a transaction that occurred on Friday, September 2nd. The stock was acquired at an average cost of GBX 2,051 ($26.77) per share, with a total value of £1,784.37 ($2,329.16).
Admiral Group plc (LON:ADM) traded up 2.15% during mid-day trading on Monday, hitting GBX 2093.00. The stock had a trading volume of 445,904 shares. The firm’s 50-day moving average is GBX 2,078.72 and its 200 day moving average is GBX 1,992.97. Admiral Group plc has a one year low of GBX 1,484.00 and a one year high of GBX 2,288.00. The stock’s market cap is GBX 5.59 billion.
The business also recently announced a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be paid a dividend of GBX 62.90 ($0.82) per share. This represents a dividend yield of 3.02%. The ex-dividend date is Thursday, September 8th.
About Admiral Group plc
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy.
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