Admiral Group plc (ADM) Lifted to Hold at Deutsche Bank AG
Admiral Group plc (LON:ADM) was upgraded by equities researchers at Deutsche Bank AG to a “hold” rating in a research note issued to investors on Monday. The brokerage presently has a GBX 1,880 ($24.28) price objective on the stock, up from their previous price objective of GBX 1,845 ($23.83). Deutsche Bank AG’s target price would suggest a potential upside of 5.32% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Peel Hunt reissued a “hold” rating and set a GBX 1,751 ($22.61) target price on shares of Admiral Group plc in a research note on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 2,075 ($26.80) price target on shares of Admiral Group plc in a research note on Tuesday, July 4th. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 2,100 ($27.12) price target on shares of Admiral Group plc in a research note on Tuesday, June 13th. Credit Suisse Group upped their price target 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 research note on Wednesday, July 12th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Admiral Group plc in a research note on Monday, August 7th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,836.60 ($23.72).
Admiral Group plc (ADM) opened at 1820.00 on Monday. The company’s market capitalization is GBX 4.88 billion. The firm’s 50 day moving average price is GBX 1,995.84 and its 200-day moving average price is GBX 2,001.50. 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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In related news, insider Jean Park bought 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were acquired 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 business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of GBX 2,032 ($26.24), for a total value of £4,572,000 ($5,904,688.11).
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 within the United Kingdom.
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