JPMorgan Chase & Co. Lowers Admiral Group Price Target to GBX 1,022 (ADM)
Equities researchers at JPMorgan Chase & Co. decreased their price objective on shares of Admiral Group (LON:ADM) from GBX 1,122 ($17.91) to GBX 1,022 ($16.32) in a research report issued on Monday, American Banking News.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 16.84% from the stock’s previous close.
Shares of Admiral Group (LON:ADM) traded up 0.24% on Monday, hitting GBX 1229.00. The stock had a trading volume of 266,405 shares. Admiral Group has a 52-week low of GBX 1018.00 and a 52-week high of GBX 1425.00. The stock has a 50-day moving average of GBX 1268.31 and a 200-day moving average of GBX 1309.. The company’s market cap is £3.366 billion.
ADM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Admiral Group from GBX 1,200 ($19.16) to GBX 1,160 ($18.52) in a research note to investors on Friday, October 4th. They now have a “sell” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Admiral Group in a research note to investors on Monday, September 30th. They now have a GBX 1,400 ($22.35) price target on the stock. Finally, analysts at Berenberg Bank raised their price target on shares of Admiral Group from GBX 1,060 ($16.92) to GBX 1,080 ($17.24) in a research note to investors on Friday, September 27th. They now have a “sell” rating on the stock. Nine investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,180.13 ($18.84).
Admiral Group plc is the holding company for the Admiral Group of companies. Its principal activity is selling and administration of private motor insurance and related products.
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