Oriel Securities Ltd Reaffirms “Sell” Rating for Admiral Group plc (ADM)
Admiral Group plc (LON:ADM)‘s stock had its “sell” rating reissued by equities research analysts at Oriel Securities Ltd in a research note issued to investors on Thursday. They currently have a GBX 1,000 ($16.59) target price on the stock. Oriel Securities Ltd’s price objective points to a potential downside of 20.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. 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. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,272.76 ($21.12).
Admiral Group plc (LON:ADM) opened at 1290.00 on Thursday. 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 1418. and its 200-day moving average is GBX 1449.. The company’s market cap is £3.336 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Stockholders 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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