Admiral Group plc Downgraded by Barclays (ADM)
Admiral Group plc (LON:ADM) was downgraded by equities research analysts at Barclays to an “underweight” rating in a research note issued to investors on Wednesday. They currently have a GBX 1,175 ($19.50) price objective on the stock. Barclays’ target price suggests a potential downside of 11.32% from the company’s current price.
Admiral Group plc (LON:ADM) opened at 1306.4329 on Wednesday. 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 1426. and a 200-day moving average of GBX 1450.. The company’s market cap is £3.378 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.
A number of other analysts have also recently weighed in on ADM. Analysts at Berenberg Bank cut their price target on shares of Admiral Group plc from GBX 1,168 ($19.38) to GBX 1,166 ($19.35) in a research note on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Admiral Group plc from GBX 1,164 ($19.32) to GBX 1,144 ($18.98) in a research note on Tuesday. They now have an “underweight” rating on the stock. Finally, 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. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,266.88 ($21.02).
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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