Admiral Group plc Given “Buy” Rating at Nomura (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a research note issued to investors on Thursday. They currently have a GBX 1,493 ($25.43) price objective on the stock. Nomura’s target price would indicate a potential downside of 4.96% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Admiral Group plc in a research note on Tuesday. They now have a GBX 1,710 ($29.13) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Admiral Group plc in a research note on Thursday, June 26th. They now have a GBX 1,330 ($22.65) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Admiral Group plc in a research note on Friday, June 20th. They now have a GBX 900 ($15.33) price target on the stock. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Admiral Group plc currently has a consensus rating of “Hold” and an average price target of GBX 1,278.61 ($21.78).
Admiral Group plc (LON:ADM) opened at 1574.00 on Thursday. Admiral Group plc has a 52 week low of GBX 1172.00 and a 52 week high of GBX 1576.00. The stock has a 50-day moving average of GBX 1481. and a 200-day moving average of GBX 1423.. The company’s market cap is £4.070 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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