Admiral Group plc (ADM) Given “Sell” Rating at Deutsche Bank AG
Admiral Group plc (LON:ADM)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank AG in a research report issued on Friday. They presently have a GBX 1,845 ($23.83) price target on the stock. Deutsche Bank AG’s target price suggests a potential upside of 0.65% from the company’s previous close.
Several other equities analysts have also issued reports on ADM. Credit Suisse Group reiterated an “underperform” rating on shares of Admiral Group plc in a report on Friday. Peel Hunt reiterated a “hold” rating and set a GBX 1,751 ($22.61) target price on shares of Admiral Group plc in a report on Thursday. Berenberg Bank lowered shares of Admiral Group plc to a “sell” rating and lifted their target price for the company from GBX 1,635 ($21.12) to GBX 1,723 ($22.25) in a report on Tuesday. Shore Capital reiterated a “sell” rating on shares of Admiral Group plc in a report on Monday, August 7th. 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 report on Tuesday, July 4th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Admiral Group plc presently has an average rating of “Hold” and a consensus price target of GBX 1,844.10 ($23.82).
Admiral Group plc (LON ADM) traded down 0.27% on Friday, reaching GBX 1833.00. The company had a trading volume of 602,865 shares. Admiral Group plc has a one year low of GBX 1,680.00 and a one year high of GBX 2,184.00. The firm’s market capitalization is GBX 4.91 billion. The company’s 50 day moving average is GBX 2,024.51 and its 200-day moving average is GBX 2,003.63.
Admiral Group plc (LON:ADM) last issued its quarterly earnings data on Tuesday, August 15th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Admiral Group plc had a return on equity of 54.64% and a net margin of 29.40%. On average, equities research analysts expect that Admiral Group plc will post $108.29 earnings per share for the current fiscal year.
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In related news, insider David Stevens sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($26.24), for a total value of £4,572,000 ($5,904,688.11). Also, insider Jean Park acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of GBX 1,988 ($25.67) per share, with a total value of £39,760 ($51,349.61).
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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