Admiral Group plc (ADM) Given Average Rating of “Hold” by Brokerages
Shares of Admiral Group plc (LON:ADM) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,832.89 ($24.19).
Several research analysts have recently commented on ADM shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,880 ($24.81) price objective on shares of Admiral Group plc in a research note on Tuesday, October 24th. J P Morgan Chase & Co downgraded Admiral Group plc to a “neutral” rating and decreased their price objective for the stock from GBX 2,100 ($27.71) to GBX 1,980 ($26.13) in a research note on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) decreased their target price on Admiral Group plc from GBX 2,075 ($27.38) to GBX 1,965 ($25.93) and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Credit Suisse Group reissued an “underperform” rating on shares of Admiral Group plc in a research note on Friday, September 8th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 1,751 ($23.11) target price on shares of Admiral Group plc in a research note on Thursday, September 7th.
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In related news, insider Jean Park bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of GBX 1,988 ($26.23) per share, for a total transaction of £39,760 ($52,467.67). Also, insider Annette Court bought 1,325 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was bought at an average price of GBX 1,811 ($23.90) per share, with a total value of £23,995.75 ($31,665.02).
Shares of Admiral Group plc (ADM) opened at 1924.00 on Wednesday. Admiral Group plc has a 1-year low of GBX 1,680.00 and a 1-year high of GBX 2,184.00. The company’s market capitalization is GBX 5.16 billion. The stock’s 50 day moving average price is GBX 1,852.46 and its 200-day moving average price is GBX 1,984.74.
The business also recently announced a dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, September 7th were issued a GBX 56 ($0.74) dividend. This is a boost from Admiral Group plc’s previous dividend of $51.50. The ex-dividend date of this dividend was Thursday, September 7th. This represents a dividend yield of 2.74%.
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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