Admiral Group plc Price Target Cut to GBX 1,144 by Analysts at JPMorgan Chase & Co. (ADM)
Research analysts at JPMorgan Chase & Co. lowered their price target on shares of Admiral Group plc (LON:ADM) from GBX 1,164 ($19.32) to GBX 1,144 ($18.98) in a report released on Tuesday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 13.66% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Admiral Group plc in a research note on Monday. They now have a GBX 1,720 ($28.54) price target on the stock. Separately, 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). Finally, 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. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Admiral Group plc presently has a consensus rating of “Hold” and an average target price of GBX 1,280.35 ($21.25).
Shares of Admiral Group plc (LON:ADM) traded down 0.08% on Tuesday, hitting GBX 1325.00. The stock had a trading volume of 784,029 shares. 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 1426. and a 200-day moving average of GBX 1450.. The company’s market cap is £3.426 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Investors 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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