Admiral Group (LON:ADM)‘s stock had its “sell” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Tuesday. They currently have a GBX 1,723 ($23.80) price target on the stock. Berenberg Bank’s price objective suggests a potential downside of 8.52% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank reiterated a “hold” rating on shares of Admiral Group in a research note on Tuesday. Barclays decreased their price target on shares of Admiral Group from GBX 1,801 ($24.88) to GBX 1,800 ($24.87) and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Peel Hunt restated an “add” rating and issued a GBX 2,078 ($28.71) target price on shares of Admiral Group in a research note on Monday, January 22nd. JPMorgan Chase & Co. downgraded shares of Admiral Group to an “underweight” rating and reduced their target price for the company from GBX 1,980 ($27.36) to GBX 1,900 ($26.25) in a research note on Friday, January 5th. Finally, HSBC reduced their target price on shares of Admiral Group from GBX 2,100 ($29.01) to GBX 2,045 ($28.25) and set a “hold” rating on the stock in a research note on Thursday, November 23rd. Seven research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,887.82 ($26.08).
Admiral Group (LON ADM) traded up GBX 12.50 ($0.17) on Tuesday, reaching GBX 1,883.50 ($26.02). 492,441 shares of the company’s stock were exchanged, compared to its average volume of 711,083. Admiral Group has a 1 year low of GBX 1,698 ($23.46) and a 1 year high of GBX 2,184 ($30.17). The firm has a market capitalization of $5,410.00 and a P/E ratio of 2,354.38.
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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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