Admiral Group plc (ADM) Rating Reiterated by Credit Suisse Group
Admiral Group plc (LON:ADM)‘s stock had its “underperform” rating restated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday.
A number of other brokerages also recently commented on ADM. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,751 ($22.61) price objective on shares of Admiral Group plc in a research report on Wednesday, August 16th. Shore Capital reaffirmed a “sell” rating on shares of Admiral Group plc in a research report on Monday, August 7th. Macquarie reaffirmed an “underperform” rating and issued a GBX 1,500 ($19.37) price objective on shares of Admiral Group plc in a research report on Monday, June 19th. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 2,100 ($27.12) price objective on shares of Admiral Group plc in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a GBX 1,845 ($23.83) target price on shares of Admiral Group plc in a report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 1,844.10 ($23.82).
Shares of Admiral Group plc (ADM) traded down 0.27% during trading on Friday, hitting GBX 1833.00. The stock had a trading volume of 602,865 shares. The stock’s 50 day moving average is GBX 2,024.51 and its 200-day moving average is GBX 2,003.63. The company’s market cap is GBX 4.91 billion. Admiral Group plc has a 12-month low of GBX 1,680.00 and a 12-month high of GBX 2,184.00.
Admiral Group plc (LON:ADM) last announced its quarterly earnings data on Tuesday, August 15th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. Admiral Group plc had a net margin of 29.40% and a return on equity of 54.64%. Analysts forecast that Admiral Group plc will post $108.29 earnings per share for the current year.
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In other Admiral Group plc news, insider David Stevens sold 225,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of GBX 2,032 ($26.24), for a total transaction of £4,572,000 ($5,904,688.11). Also, insider Jean Park acquired 2,000 shares of Admiral Group plc stock in a transaction on Thursday, August 17th. The shares were bought at an average price of GBX 1,988 ($25.67) per share, for a total transaction of £39,760 ($51,349.61).
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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