Admiral Group plc (ADM) Receives “Hold” Rating from Peel Hunt
Admiral Group plc (LON:ADM)‘s stock had its “hold” rating reissued by investment analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 1,751 ($22.61) price objective on the stock. Peel Hunt’s price objective indicates a potential downside of 6.61% from the company’s previous close.
Several other analysts also recently commented on the company. Berenberg Bank downgraded Admiral Group plc to a “sell” rating and increased their target price for the company from GBX 1,635 ($21.12) to GBX 1,723 ($22.25) in a research note on Tuesday. Credit Suisse Group reiterated an “underperform” rating and set a GBX 1,750 ($22.60) target price on shares of Admiral Group plc in a research note on Tuesday, August 22nd. Shore Capital reiterated a “sell” rating on shares of Admiral Group plc in a research note on Monday, August 7th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 1,845 ($23.83) target price on shares of Admiral Group plc in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 2,075 ($26.80) target price on shares of Admiral Group plc in a research note on Tuesday, July 4th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Admiral Group plc presently has an average rating of “Hold” and an average price target of GBX 1,844.10 ($23.82).
Shares of Admiral Group plc (ADM) traded up 1.04% on Thursday, hitting GBX 1838.00. The company’s stock had a trading volume of 1,177,610 shares. Admiral Group plc has a 52 week low of GBX 1,680.00 and a 52 week high of GBX 2,184.00. The firm’s market cap is GBX 4.93 billion. The stock’s 50-day moving average price is GBX 2,035.03 and its 200-day moving average price is GBX 2,006.00.
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In related news, insider Jean Park bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of GBX 1,988 ($25.67) per share, with a total value of £39,760 ($51,349.61). Also, insider David Stevens sold 225,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of GBX 2,032 ($26.24), for a total value of £4,572,000 ($5,904,688.11).
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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