Admiral Group plc’s (ADM) Hold Rating Reiterated at Peel Hunt
Admiral Group plc (LON:ADM)‘s stock had its “hold” rating restated by Peel Hunt in a report released on Tuesday. They currently have a GBX 2,012 ($24.90) target price on the stock. Peel Hunt’s price target would suggest a potential downside of 1.52% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Deutsche Bank AG reduced their target price on shares of Admiral Group plc from GBX 1,750 ($21.66) to GBX 1,590 ($19.68) and set a “hold” rating for the company in a research note on Wednesday, June 29th. Royal Bank Of Canada reduced their target price on shares of Admiral Group plc from GBX 1,625 ($20.11) to GBX 1,600 ($19.80) and set an “underperform” rating for the company in a research note on Thursday, August 18th. Barclays PLC reduced their target price on shares of Admiral Group plc from GBX 1,788 ($22.13) to GBX 1,746 ($21.61) and set an “underweight” rating for the company in a research note on Monday, August 22nd. Beaufort Securities reiterated a “buy” rating on shares of Admiral Group plc in a research note on Thursday, August 18th. Finally, Shore Capital reiterated a “sell” rating on shares of Admiral Group plc in a research note on Wednesday, August 17th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,806.93 ($22.36).
Admiral Group plc (LON:ADM) opened at 2038.00 on Tuesday. The company’s 50-day moving average is GBX 2,055.14 and its 200-day moving average is GBX 2,001.59. The company’s market capitalization is GBX 5.44 billion. Admiral Group plc has a 52-week low of GBX 1,514.00 and a 52-week high of GBX 2,288.00.
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The company also recently declared a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were issued a GBX 62.90 ($0.78) dividend. This represents a dividend yield of 3.02%. The ex-dividend date was Thursday, September 8th.
In other news, insider Holmes,Colin P sold 16,500 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of GBX 2,089 ($25.85), for a total value of £344,685 ($426,590.35). Also, insider Jones ,Geraint purchased 87 shares of the stock in a transaction dated Friday, September 2nd. The stock was purchased at an average cost of GBX 2,051 ($25.38) per share, for a total transaction of £1,784.37 ($2,208.38).
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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