Admiral Group plc Stock Rating Reaffirmed by Numis Securities Ltd (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “add” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Monday. They currently have a GBX 1,720 ($28.54) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 28.84% from the stock’s previous close.
A number of other analysts have also recently weighed in on ADM. Analysts at Nomura downgraded shares of Admiral Group plc to a “neutral” rating in a research note on Friday. They now have a GBX 1,335 ($22.15) price target on the stock, down previously from GBX 1,493 ($24.78). Separately, 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 ($17.76) price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Admiral Group plc from GBX 1,425 ($23.65) to GBX 1,350 ($22.40) in a research note on Monday, August 18th. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,281.53 ($21.27).
Admiral Group plc (LON:ADM) opened at 1329.6799 on Monday. 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 1437. and its 200-day moving average is GBX 1451.. The company’s market cap is £3.438 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 ($0.82) 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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