Canaccord Genuity Reiterates Sell Rating for Admiral Group plc (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “sell” rating reaffirmed by analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,400 ($23.49) price objective on the stock. Canaccord Genuity’s target price indicates a potential downside of 3.45% from the company’s current price.
A number of other analysts have also recently weighed in on ADM. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Admiral Group plc in a research note on Tuesday. They now have a GBX 1,720 ($28.85) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Admiral Group plc in a research note on Monday. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,265.82 ($21.24).
Admiral Group plc (LON:ADM) opened at 1412.875 on Wednesday. Admiral Group plc has a 52 week low of GBX 1172.00 and a 52 week high of GBX 1583.00. The stock has a 50-day moving average of GBX 1513. and a 200-day moving average of GBX 1460.. The company’s market cap is £3.654 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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