Admiral Group (ADM) PT Raised to GBX 1,849 at Berenberg Bank
Admiral Group (LON:ADM) had its target price raised by Berenberg Bank from GBX 1,723 ($22.23) to GBX 1,849 ($23.85) in a research report released on Tuesday. The brokerage currently has a sell rating on the stock.
A number of other research analysts have also weighed in on the company. Peel Hunt reaffirmed an add rating and set a GBX 2,073 ($26.74) price objective on shares of Admiral Group in a report on Monday, July 16th. HSBC dropped their price objective on Admiral Group from GBX 2,045 ($26.38) to GBX 2,010 ($25.93) and set a hold rating on the stock in a report on Wednesday, May 9th. Shore Capital reaffirmed an under review rating on shares of Admiral Group in a report on Wednesday, August 15th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Admiral Group in a report on Friday, August 17th. Finally, UBS Group reaffirmed a neutral rating and set a GBX 2,050 ($26.44) price objective on shares of Admiral Group in a report on Wednesday, August 15th. Six analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of Sell and a consensus price target of GBX 1,923.40 ($24.81).
Shares of ADM stock opened at GBX 2,085.60 ($26.90) on Tuesday. Admiral Group has a 1-year low of GBX 1,766 ($22.78) and a 1-year high of GBX 2,184 ($28.17).
In other news, insider Annette Court bought 1,195 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were bought at an average cost of GBX 2,056 ($26.52) per share, for a total transaction of £24,569.20 ($31,694.01).
About Admiral Group
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Car Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.
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