Oriel Securities Ltd Reiterates “Sell” Rating for Admiral Group plc (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “sell” rating reiterated by research analysts at Oriel Securities Ltd in a report released on Thursday. They currently have a GBX 900 ($15.13) price target on the stock. Oriel Securities Ltd’s price target would suggest a potential downside of 40.40% from the stock’s previous close.
ADM has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Admiral Group plc in a research note on Monday, June 2nd. They now have a GBX 1,710 ($28.75) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Admiral Group plc in a research note on Thursday, May 29th. They now have a GBX 1,064 ($17.89) price target on the stock. Finally, analysts at HSBC raised their price target on shares of Admiral Group plc from GBX 1,550 ($26.06) to GBX 1,580 ($26.56) in a research note on Thursday, May 29th. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,278.61 ($21.50).
Shares of Admiral Group plc (LON:ADM) traded up 1.99% on Thursday, hitting GBX 1540.00. The stock had a trading volume of 561,444 shares. Admiral Group plc has a 52-week low of GBX 1172.00 and a 52-week high of GBX 1550.00. The stock’s 50-day moving average is GBX 1427. and its 200-day moving average is GBX 1390.. The company’s market cap is £3.982 billion.
Admiral Group plc’s principal business is the sale of private motor insurance, together with additional products and services, such as breakdown cover.
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