Share on StockTwits

Admiral Group plc (LON:ADM)‘s stock had its “sell” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They currently have a GBX 1,090 ($18.70) price objective on the stock. Berenberg Bank’s price objective would suggest a potential downside of 28.38% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Admiral Group plc to a “sell” rating in a research note on Wednesday. They now have a GBX 1,400 ($24.01) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Admiral Group plc in a research note on Wednesday. They now have a GBX 900 ($15.44) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Admiral Group plc in a research note on Thursday, July 3rd. They now have a GBX 1,493 ($25.61) price target on the stock. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,278.61 ($21.93).

Admiral Group plc (LON:ADM) traded down 3.30% during mid-day trading on Wednesday, hitting GBX 1522.00. The stock had a trading volume of 2,254,858 shares. Admiral Group plc has a one year low of GBX 1172.00 and a one year high of GBX 1579.00. The stock’s 50-day moving average is GBX 1497.43 and its 200-day moving average is GBX 1432.. The company’s market cap is £3.936 billion.

Admiral Group plc’s principal business is the sale of private motor insurance, together with additional products and services, such as breakdown cover.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.