Admiral Group plc (ADM) Earns “Hold” Rating from Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Admiral Group plc (LON:ADM) in a research report released on Tuesday morning. They currently have a GBX 1,880 ($24.81) price target on the stock.
A number of other brokerages have also recently issued reports on ADM. Berenberg Bank cut shares of Admiral Group plc to a sell rating and lifted their price objective for the company from GBX 1,635 ($21.58) to GBX 1,723 ($22.74) in a research note on Tuesday, September 5th. JPMorgan Chase & Co. cut shares of Admiral Group plc to a neutral rating and decreased their price objective for the company from GBX 2,100 ($27.71) to GBX 1,980 ($26.13) in a research note on Tuesday. Peel Hunt reissued a hold rating and issued a GBX 1,751 ($23.11) price objective on shares of Admiral Group plc in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of Admiral Group plc from GBX 2,075 ($27.38) to GBX 1,965 ($25.93) and set a neutral rating on the stock in a research note on Tuesday, September 12th. Finally, Credit Suisse Group restated an underperform rating and issued a GBX 1,750 ($23.09) target price on shares of Admiral Group plc in a research report on Tuesday, August 22nd. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Admiral Group plc currently has an average rating of Hold and an average target price of GBX 1,824.60 ($24.08).
Shares of Admiral Group plc (LON:ADM) opened at 1929.00 on Tuesday. Admiral Group plc has a 12-month low of GBX 1,680.00 and a 12-month high of GBX 2,184.00. The firm’s 50-day moving average price is GBX 1,846.30 and its 200-day moving average price is GBX 1,986.83. The firm’s market capitalization is GBX 5.17 billion.
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The business also recently announced a dividend, which was paid on Friday, October 6th. Shareholders of record on Thursday, September 7th were given a GBX 56 ($0.74) dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 2.74%. This is a positive change from Admiral Group plc’s previous dividend of $51.50.
In other Admiral Group plc news, insider Annette Court purchased 1,325 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were bought at an average price of GBX 1,811 ($23.90) per share, for a total transaction of £23,995.75 ($31,665.02). Also, insider David Stevens sold 225,000 shares of Admiral Group plc stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of GBX 2,032 ($26.81), for a total transaction of £4,572,000 ($6,033,254.16).
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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