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Investment analysts at Morgan Stanley dropped their price objective on shares of Admiral Group plc (LON:ADM) from GBX 1,351 ($22.42) to GBX 1,264 ($20.98) in a note issued to investors on Thursday. The firm currently has an “underweight” rating on the stock.

Admiral Group plc (LON:ADM) opened at 1287.00 on Thursday. 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 1418. and a 200-day moving average of GBX 1449.. The company’s market cap is £3.328 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.

A number of other analysts have also recently weighed in on ADM. Analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Admiral Group plc in a research note on Thursday. They now have a GBX 1,000 ($16.59) price target on the stock. Separately, analysts at Barclays downgraded shares of Admiral Group plc to an “underweight” rating in a research note on Wednesday. They now have a GBX 1,175 ($19.50) price target on the stock. Finally, 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. Eight analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,272.28 ($21.11).

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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