Oriel Securities Ltd Reiterates Sell Rating for Admiral Group plc (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “sell” rating reaffirmed by stock analysts at Oriel Securities Ltd in a report issued on Wednesday. They currently have a GBX 900 ($15.44) price target on the stock. Oriel Securities Ltd’s price target would indicate a potential downside of 40.87% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Admiral Group plc in a research note on Tuesday, July 1st. They now have a GBX 1,710 ($29.33) price target on the stock. Finally, 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 ($22.81) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target 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 has a 50-day moving average of GBX 1497.43 and a 200-day moving average of 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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