Admiral Group plc Price Target Lowered to GBX 1,166 at Berenberg Bank (ADM)
Berenberg Bank lowered their target price on shares of Admiral Group plc (LON:ADM) from GBX 1,168 ($19.38) to GBX 1,166 ($19.35) in a research note issued on Wednesday. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price objective would suggest a potential downside of 12.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Nomura downgraded shares of Admiral Group plc to a “neutral” rating in a research note on Friday, August 29th. They now have a GBX 1,335 ($22.15) price target on the stock, down previously from GBX 1,493 ($24.78). Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,266.88 ($21.02).
Admiral Group plc (LON:ADM) traded down 4.15% on Wednesday, hitting GBX 1270.00. 891,739 shares of the company’s stock traded hands. 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 1426. and a 200-day moving average of GBX 1450.. The company’s market cap is £3.284 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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