Admiral Group plc (ADM) Price Target Cut to GBX 1,965 by Analysts at Goldman Sachs Group, Inc. (The)
Admiral Group plc (LON:ADM) had its price objective decreased by Goldman Sachs Group, Inc. (The) from GBX 2,075 ($26.80) to GBX 1,965 ($25.38) in a research note released on Tuesday morning. Goldman Sachs Group, Inc. (The) currently has a neutral rating on the stock.
Other equities analysts have also issued reports about the company. Peel Hunt reissued a hold rating and issued a GBX 1,751 ($22.61) price objective on shares of Admiral Group plc in a report on Wednesday, August 16th. HSBC Holdings plc reissued a hold rating and issued a GBX 2,100 ($27.12) price objective on shares of Admiral Group plc in a report on Tuesday, June 13th. Credit Suisse Group increased their price objective on Admiral Group plc from GBX 1,650 ($21.31) to GBX 1,750 ($22.60) and gave the stock an underperform rating in a report on Wednesday, July 12th. Shore Capital reissued a sell rating on shares of Admiral Group plc in a report on Monday, August 7th. Finally, Deutsche Bank AG reissued a sell rating and issued a GBX 1,845 ($23.83) price objective on shares of Admiral Group plc in a report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Admiral Group plc currently has an average rating of Hold and an average price target of GBX 1,833.10 ($23.67).
Shares of Admiral Group plc (ADM) opened at 1822.00 on Tuesday. The firm’s market capitalization is GBX 4.88 billion. The stock has a 50 day moving average price of GBX 2,012.65 and a 200 day moving average price of GBX 2,004.85. Admiral Group plc has a 12-month low of GBX 1,680.00 and a 12-month high of GBX 2,184.00.
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The company also recently declared a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be paid a dividend of GBX 56 ($0.72) per share. This is a positive change from Admiral Group plc’s previous dividend of $51.50. This represents a yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 7th.
In other news, insider Jean Park purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of GBX 1,988 ($25.67) per share, with a total value of £39,760 ($51,349.61). Also, insider David Stevens sold 225,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($26.24), for a total value of £4,572,000 ($5,904,688.11).
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 within the United Kingdom.
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