Admiral Group plc (ADM) Earns Hold Rating from Deutsche Bank AG
Deutsche Bank AG reaffirmed their hold rating on shares of Admiral Group plc (LON:ADM) in a research note released on Wednesday morning. The brokerage currently has a GBX 1,725 ($22.98) target price on the stock.
Several other brokerages also recently weighed in on ADM. Peel Hunt raised their price target on shares of Admiral Group plc from GBX 1,620 ($21.58) to GBX 1,980 ($26.37) and gave the company a hold rating in a research report on Tuesday, August 16th. Shore Capital restated a sell rating on shares of Admiral Group plc in a report on Wednesday, August 17th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 1,900 ($25.31) target price on shares of Admiral Group plc in a report on Thursday, July 28th. Canaccord Genuity raised their target price on shares of Admiral Group plc from GBX 1,550 ($20.64) to GBX 2,100 ($27.97) and gave the stock a hold rating in a report on Friday, August 19th. Finally, Barclays PLC dropped their target price on shares of Admiral Group plc from GBX 1,788 ($23.81) to GBX 1,746 ($23.26) and set an underweight rating on the stock in a report on Monday, August 22nd. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 1,806.93 ($24.07).
Admiral Group plc (LON:ADM) opened at 2026.00 on Wednesday. Admiral Group plc has a 12-month low of GBX 1,454.00 and a 12-month high of GBX 2,288.00. The company’s market cap is GBX 5.41 billion. The stock has a 50 day moving average of GBX 2,110.38 and a 200 day moving average of GBX 1,980.03.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be issued a GBX 62.90 ($0.84) dividend. The ex-dividend date is Thursday, September 8th. This represents a yield of 3.02%.
In other Admiral Group plc news, insider Holmes,Colin P sold 16,500 shares of Admiral Group plc stock in a transaction on Thursday, August 18th. The shares were sold at an average price of GBX 2,089 ($27.82), for a total value of £344,685 ($459,090.30). Also, insider Jones ,Geraint purchased 87 shares of Admiral Group plc stock in a transaction on Friday, September 2nd. The stock was bought at an average price of GBX 2,051 ($27.32) per share, for a total transaction of £1,784.37 ($2,376.62).
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.
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