Admiral Group plc Rating Lowered to Neutral at Nomura (ADM)
Admiral Group plc (LON:ADM) was downgraded by research analysts at Nomura to a “neutral” rating in a report released on Friday. They currently have a GBX 1,335 ($22.09) price target on the stock, down from their previous price target of GBX 1,493 ($24.71). Nomura’s price target points to a potential downside of 0.30% from the stock’s previous close.
A number of other analysts have also recently weighed in on ADM. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Admiral Group plc in a research note on Friday, August 22nd. They now have a GBX 1,070 ($17.71) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Admiral Group plc from GBX 1,425 ($23.58) to GBX 1,350 ($22.34) in a research note on Monday, August 18th. They now have a “neutral” rating on the stock. Finally, analysts at Berenberg Bank raised their price target on shares of Admiral Group plc from GBX 1,090 ($18.04) to GBX 1,168 ($19.33) in a research note on Friday, August 15th. They now have a “sell” rating on the stock. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 1,267 ($20.97).
Shares of Admiral Group plc (LON:ADM) opened at 1338.00 on Friday. Admiral Group plc has a one year low of GBX 1172.00 and a one year high of GBX 1583.00. The stock has a 50-day moving average of GBX 1443. and a 200-day moving average of GBX 1452.. The company’s market cap is £3.460 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 10th will be given a dividend of GBX 49.40 ($0.82) per share. This represents a yield of 3.6%. The ex-dividend date of this dividend 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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