Admiral Group plc’s (ADM) Hold Rating Reiterated at Peel Hunt
Admiral Group plc (LON:ADM)‘s stock had its “hold” rating reiterated by stock analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 2,012 ($24.90) price objective on the stock. Peel Hunt’s price objective would indicate a potential downside of 1.52% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Shore Capital reaffirmed a “sell” rating on shares of Admiral Group plc in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,900 ($23.51) target price on shares of Admiral Group plc in a research report on Thursday, July 28th. Canaccord Genuity raised their target price on shares of Admiral Group plc from GBX 1,550 ($19.18) to GBX 2,100 ($25.99) and gave the company a “hold” rating in a research report on Friday, August 19th. Barclays PLC decreased their target price on shares of Admiral Group plc from GBX 1,788 ($22.13) to GBX 1,746 ($21.61) and set an “underweight” rating for the company in a research report on Monday, August 22nd. Finally, Macquarie raised their target price on shares of Admiral Group plc from GBX 1,510 ($18.69) to GBX 1,542 ($19.08) and gave the company an “underperform” rating in a research report on Monday, August 22nd. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Admiral Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,806.93 ($22.36).
Admiral Group plc (LON:ADM) opened at 2038.00 on Tuesday. Admiral Group plc has a 12-month low of GBX 1,514.00 and a 12-month high of GBX 2,288.00. The company’s market cap is GBX 5.44 billion. The stock’s 50 day moving average is GBX 2,055.14 and its 200 day moving average is GBX 2,001.59.
The firm also recently declared a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 8th were given a dividend of GBX 62.90 ($0.78) per share. This represents a yield of 3.02%. The ex-dividend date was Thursday, September 8th.
In other Admiral Group plc news, insider Jones ,Geraint purchased 87 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of GBX 2,051 ($25.38) per share, with a total value of £1,784.37 ($2,208.38). Also, insider Holmes,Colin P sold 16,500 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of GBX 2,089 ($25.85), for a total transaction of £344,685 ($426,590.35).
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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