Admiral Group plc Stock Rating Reaffirmed by BNP Paribas (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “underperform” rating restated by BNP Paribas in a research note issued on Friday. They currently have a GBX 1,070 ($17.89) target price on the stock. BNP Paribas’ price objective suggests a potential downside of 19.12% from the company’s current price.
Shares of Admiral Group plc (LON:ADM) opened at 1333.00 on Friday. 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 1475. and a 200-day moving average of GBX 1455.. The company’s market cap is £3.447 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.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Admiral Group plc from GBX 1,425 ($23.82) to GBX 1,350 ($22.57) in a research note on Monday. They now have a “neutral” rating on the stock. Separately, 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, August 15th. They now have a “sell” rating on the stock. Finally, 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, August 14th. They now have a “hold” rating on the stock. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,275.78 ($21.33).
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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