Admiral Group plc Stock Rating Reaffirmed by Berenberg Bank (ADM)
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.
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