Admiral Group plc Receives Underperform Rating from BNP Paribas (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “underperform” rating reiterated by stock analysts at BNP Paribas in a report issued on Thursday. They currently have a GBX 1,064 ($18.25) target price on the stock. BNP Paribas’ target price suggests a potential downside of 30.00% from the company’s current price.
A number of other analysts have also recently weighed in on ADM. Analysts at Berenberg Bank reiterated a “sell” rating on shares of Admiral Group plc in a research note on Wednesday. They now have a GBX 1,090 ($18.70) price target on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently 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 0.13% during mid-day trading on Thursday, hitting GBX 1520.00. The stock had a trading volume of 960,236 shares. Admiral Group plc has a 1-year low of GBX 1172.00 and a 1-year high of GBX 1583.00. The stock’s 50-day moving average is GBX 1503. and its 200-day moving average is GBX 1435.. The company’s market cap is £3.931 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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