Admiral Group plc’s (ADM) Underperform Rating Reaffirmed at Macquarie
Admiral Group plc (LON:ADM)‘s stock had its “underperform” rating restated by analysts at Macquarie in a report issued on Wednesday. They presently have a GBX 1,542 ($19.13) price objective on the stock. Macquarie’s price objective points to a potential downside of 18.80% from the company’s previous close.
Several other research analysts have also recently issued reports on ADM. Deutsche Bank AG raised their target price on shares of Admiral Group plc from GBX 1,590 ($19.72) to GBX 1,725 ($21.40) and gave the stock a “hold” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,900 ($23.57) target price on shares of Admiral Group plc in a report on Thursday, August 18th. Shore Capital restated a “sell” rating on shares of Admiral Group plc in a report on Thursday, November 3rd. Royal Bank Of Canada cut their target price on shares of Admiral Group plc from GBX 1,625 ($20.16) to GBX 1,600 ($19.85) and set an “underperform” rating on the stock in a report on Thursday, August 18th. Finally, Canaccord Genuity lifted their price target on shares of Admiral Group plc from GBX 1,550 ($19.23) to GBX 2,100 ($26.05) and gave the company a “hold” rating in a report on Friday, August 19th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,806.93 ($22.42).
Shares of Admiral Group plc (LON:ADM) opened at 1913.00 on Wednesday. The firm’s 50-day moving average is GBX 1,933.22 and its 200-day moving average is GBX 2,004.88. The company’s market capitalization is GBX 5.11 billion. Admiral Group plc has a 12-month low of GBX 1,591.64 and a 12-month high of GBX 2,288.00.
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In other news, insider Geraint Jones sold 11,040 shares of Admiral Group plc stock in a transaction dated Monday, October 17th. The stock was sold at an average price of GBX 2,017 ($25.02), for a total value of £222,676.80 ($276,239.67). Also, insider Jones ,Geraint purchased 87 shares of the stock in a transaction dated Friday, September 2nd. The stock was bought at an average cost of GBX 2,051 ($25.44) per share, with a total value of £1,784.37 ($2,213.58).
Admiral Group plc Company Profile
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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