Admiral Group plc (ADM) Price Target Raised to GBX 2,075 at Goldman Sachs Group Inc
Admiral Group plc (LON:ADM) had its price objective upped by equities research analysts at Goldman Sachs Group Inc from GBX 1,780 ($22.98) to GBX 2,075 ($26.79) in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group Inc’s price target suggests a potential downside of 1.28% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. BNP Paribas reaffirmed a “neutral” rating on shares of Admiral Group plc in a research note on Friday, March 24th. Deutsche Bank AG upped their price target on Admiral Group plc from GBX 1,670 ($21.56) to GBX 1,760 ($22.72) and gave the stock a “sell” rating in a research note on Friday, March 24th. Credit Suisse Group AG started coverage on Admiral Group plc in a research note on Thursday, January 26th. They issued an “underperform” rating and a GBX 1,700 ($21.95) price target on the stock. Citigroup Inc reaffirmed a “sell” rating on shares of Admiral Group plc in a research note on Friday, March 24th. Finally, JPMorgan Chase & Co. raised Admiral Group plc to an “overweight” rating and upped their price target for the stock from GBX 1,900 ($24.53) to GBX 2,100 ($27.11) in a research note on Thursday, March 9th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,790.75 ($23.12).
Admiral Group plc (LON:ADM) opened at 2118.00 on Monday. Admiral Group plc has a one year low of GBX 1,680.00 and a one year high of GBX 2,288.00. The company has a 50 day moving average price of GBX 2,008.31 and a 200-day moving average price of GBX 1,889.59.
The business also recently announced a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 11th will be paid a GBX 51.50 ($0.66) dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a dividend yield of 2.82%.
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In other Admiral Group plc news, insider Annette Court purchased 2,150 shares of the stock in a transaction dated Wednesday, March 8th. The shares were purchased at an average cost of GBX 1,824 ($23.55) per share, with a total value of £39,216 ($50,633.96). Also, insider Geraint Jones sold 4,700 shares of the company’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of GBX 2,024 ($26.13), for a total value of £95,128 ($122,825.05).
Admiral Group plc Company Profile
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 within the United Kingdom.
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