Admiral Group Given “Overweight” Rating at HSBC (ADM)
Admiral Group (LON:ADM)‘s stock had its “overweight” rating reaffirmed by analysts at HSBC in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 1,580 ($25.94) target price on the stock. HSBC’s price target points to a potential upside of 12.78% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity upgraded shares of Admiral Group to a “hold” rating in a research note to investors on Monday. They now have a GBX 1,400 ($22.98) price target on the stock, up previously from GBX 1,160 ($19.04). Separately, analysts at Credit Suisse cut their price target on shares of Admiral Group from GBX 1,351 ($22.18) to GBX 1,340 ($22.00) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Admiral Group from GBX 1,220 ($20.03) to GBX 1,256 ($20.62) in a research note to investors on Monday, January 13th. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,226.37 ($20.13).
Shares of Admiral Group (LON:ADM) opened at 1412.00 on Tuesday. Admiral Group has a 52 week low of GBX 1172.00 and a 52 week high of GBX 1425.00. The stock has a 50-day moving average of GBX 1284. and a 200-day moving average of GBX 1278.. The company’s market cap is £3.868 billion.
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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