Admiral Group plc PT Raised to GBX 1,168 at Berenberg Bank (ADM)
Analysts at Berenberg Bank increased their price objective on shares of Admiral Group plc (LON:ADM) from GBX 1,090 ($18.29) to GBX 1,168 ($19.59) in a research report issued to clients and investors on Friday. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 12.18% from the company’s current price.
Admiral Group plc (LON:ADM) traded up 0.23% on Friday, hitting GBX 1333.00. 958,548 shares of the company’s stock traded hands. Admiral Group plc has a 1-year low of GBX 1172.00 and a 1-year high of GBX 1583.00. The stock has a 50-day moving average of GBX 1503. and a 200-day moving average of GBX 1459.. The company’s market cap is £3.447 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 10th. Investors of record on Wednesday, September 10th will be paid a dividend of GBX 49.40 ($0.83) per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Admiral Group plc from GBX 1,330 ($22.31) to GBX 1,260 ($21.14) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,278.89 ($21.45).
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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