Admiral Group plc Price Target Lowered to GBX 1,260 at Deutsche Bank (ADM)
Equities researchers at Deutsche Bank dropped their price objective on shares of Admiral Group plc (LON:ADM) from GBX 1,330 ($22.31) to GBX 1,260 ($21.14) in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential downside of 8.10% from the company’s current price.
Shares of Admiral Group plc (LON:ADM) traded down 2.99% during mid-day trading on Thursday, hitting GBX 1330.00. The stock had a trading volume of 1,591,415 shares. Admiral Group plc has a one year low of GBX 1172.00 and a one year high of GBX 1583.00. The stock’s 50-day moving average is GBX 1503. and its 200-day moving average is GBX 1459.. The company’s market cap is £3.439 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Stockholders of record on Wednesday, September 10th will be given a dividend of GBX 49.40 ($0.83) per share. This represents a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 10th.
A number of other analysts have also recently weighed in on ADM. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Admiral Group plc in a research note on Wednesday. They now have a GBX 1,400 ($23.49) price target on the stock. Separately, 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. Finally, analysts at Nomura reiterated a “buy” rating on shares of Admiral Group plc in a research note on Monday. They now have a GBX 1,493 ($25.05) price target on the stock. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,274.56 ($21.38).
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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