Admiral Group plc (ADM) Stock Rating Reaffirmed by Barclays PLC
Admiral Group plc (LON:ADM)‘s stock had its “underweight” rating reissued by Barclays PLC in a research report issued on Thursday.
Several other research analysts also recently weighed in on the stock. Berenberg Bank upped their price objective on shares of Admiral Group plc from GBX 1,657 ($21.63) to GBX 1,804 ($23.55) and gave the stock a “hold” rating in a report on Friday, September 16th. Deutsche Bank AG restated a “hold” rating and set a GBX 1,725 ($22.52) price objective on shares of Admiral Group plc in a report on Wednesday, September 14th. HSBC upped their price objective on shares of Admiral Group plc from GBX 1,865 ($24.34) to GBX 1,930 ($25.19) and gave the stock a “hold” rating in a report on Thursday, September 8th. Macquarie reiterated an “underperform” rating and issued a GBX 1,542 ($20.13) target price on shares of Admiral Group plc in a report on Wednesday, September 7th. Finally, Peel Hunt increased their target price on shares of Admiral Group plc from GBX 1,980 ($25.85) to GBX 2,012 ($26.26) and gave the company a “hold” rating in a report on Tuesday, September 6th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Admiral Group plc presently has a consensus rating of “Hold” and an average price target of GBX 1,806.93 ($23.59).
Shares of Admiral Group plc (LON:ADM) opened at 2099.00 on Thursday. The firm’s market cap is GBX 5.61 billion. The firm has a 50-day moving average of GBX 2,105.67 and a 200 day moving average of GBX 1,987.01. Admiral Group plc has a 52 week low of GBX 1,454.00 and a 52 week high of GBX 2,288.00.
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The firm also recently announced a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 62.90 ($0.82) per share. The ex-dividend date is Thursday, September 8th. This represents a yield of 3.02%.
In other Admiral Group plc news, insider Jones ,Geraint bought 87 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was purchased at an average price of GBX 2,051 ($26.77) per share, for a total transaction of £1,784.37 ($2,329.16). Also, insider Holmes,Colin P sold 16,500 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of GBX 2,089 ($27.27), for a total transaction of £344,685 ($449,921.68).
About Admiral Group plc
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy.
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