Credit Suisse Cuts Admiral Group plc Price Target to GBX 1,350 (ADM)
Analysts at Credit Suisse lowered their price target on shares of Admiral Group plc (LON:ADM) from GBX 1,425 ($23.82) to GBX 1,350 ($22.57) in a research report issued to clients and investors on Monday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target suggests a potential upside of 1.28% from the stock’s previous close.
A number of other firms have also recently commented on ADM. Analysts at Berenberg Bank raised their price target on shares of Admiral Group plc from GBX 1,090 ($18.22) to GBX 1,168 ($19.53) in a research note on Friday. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Admiral Group plc from GBX 1,330 ($22.23) to GBX 1,260 ($21.06) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Admiral Group plc in a research note on Wednesday, August 13th. They now have a GBX 1,400 ($23.40) price target on the stock. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,274.72 ($21.31).
Shares of Admiral Group plc (LON:ADM) traded up 0.08% on Monday, hitting GBX 1334.00. 927,935 shares of the company’s stock traded hands. 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 1492. and a 200-day moving average of GBX 1458.. The company’s market cap is £3.450 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 10th. Shareholders 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 is Wednesday, September 10th.
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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