Admiral Group plc (ADM) Rating Reiterated by Peel Hunt
Admiral Group plc (LON:ADM)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 1,751 ($22.73) price objective on the stock. Peel Hunt’s price objective indicates a potential downside of 12.10% from the stock’s current price.
Several other equities research analysts have also recently weighed in on ADM. Shore Capital reiterated a “sell” rating on shares of Admiral Group plc in a research report on Monday, August 7th. HSBC Holdings plc restated a “hold” rating and issued a GBX 2,100 ($27.26) price target on shares of Admiral Group plc in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 2,075 ($26.94) price target on shares of Admiral Group plc in a report on Tuesday, May 30th. Deutsche Bank AG raised their price target on shares of Admiral Group plc from GBX 1,760 ($22.85) to GBX 1,845 ($23.95) and gave the stock a “sell” rating in a report on Friday, June 23rd. Finally, Credit Suisse Group raised their price target on shares of Admiral Group plc from GBX 1,650 ($21.42) to GBX 1,750 ($22.72) and gave the stock an “underperform” rating in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 1,841.40 ($23.90).
Shares of Admiral Group plc (LON:ADM) traded up 1.37% during trading on Wednesday, hitting GBX 1992.00. 505,414 shares of the stock traded hands. The firm’s market capitalization is GBX 5.34 billion. The firm has a 50-day moving average of GBX 2,065.28 and a 200-day moving average of GBX 2,000.16. Admiral Group plc has a 1-year low of GBX 1,680.00 and a 1-year high of GBX 2,184.00.
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In other Admiral Group plc news, insider Jean Park acquired 2,000 shares of Admiral Group plc stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of GBX 1,988 ($25.81) per share, for a total transaction of £39,760 ($51,616.25). Also, insider David Stevens sold 225,000 shares of Admiral Group plc stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($26.38), for a total transaction of £4,572,000 ($5,935,349.86).
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 within the United Kingdom.
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