Admiral Group plc (ADM) Earns “Hold” Rating from Deutsche Bank AG
Admiral Group plc (LON:ADM)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a report released on Tuesday. They presently have a GBX 1,880 ($24.81) price target on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 1.88% from the stock’s previous close.
ADM has been the topic of a number of other reports. Shore Capital restated a “sell” rating on shares of Admiral Group plc in a report on Monday, August 7th. Peel Hunt restated a “hold” rating and issued a GBX 1,751 ($23.11) price objective on shares of Admiral Group plc in a report on Wednesday, August 16th. Credit Suisse Group restated an “underperform” rating on shares of Admiral Group plc in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 2,075 ($27.38) price target on shares of Admiral Group plc in a research note on Tuesday, July 4th. Finally, J P Morgan Chase & Co lowered shares of Admiral Group plc to a “neutral” rating and cut their price target for the stock from GBX 2,100 ($27.71) to GBX 1,980 ($26.13) in a research note on Tuesday. Six research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Admiral Group plc currently has an average rating of “Hold” and a consensus target price of GBX 1,824.60 ($24.08).
Admiral Group plc (ADM) opened at 1894.00 on Tuesday. The firm’s market capitalization is GBX 5.08 billion. The stock’s 50 day moving average price is GBX 1,844.53 and its 200-day moving average price is GBX 1,988.77. Admiral Group plc has a 12 month low of GBX 1,680.00 and a 12 month high of GBX 2,184.00.
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In other Admiral Group plc news, insider David Stevens sold 225,000 shares of Admiral Group plc stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($26.81), for a total value of £4,572,000 ($6,033,254.16). Also, insider Jean Park acquired 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of GBX 1,988 ($26.23) per share, for a total transaction of £39,760 ($52,467.67).
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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