Berenberg Bank Raises Admiral Group plc (ADM) Price Target to GBX 1,804
Admiral Group plc (LON:ADM) had its price objective increased by Berenberg Bank from GBX 1,657 ($21.63) to GBX 1,804 ($23.55) in a report issued on Friday. The brokerage currently has a hold rating on the stock.
Several other analysts have also recently weighed in on ADM. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 1,600 ($20.89) price target on shares of Admiral Group plc in a report on Wednesday, June 1st. Deutsche Bank AG lowered their price objective on Admiral Group plc from GBX 1,750 ($22.84) to GBX 1,590 ($20.75) and set a hold rating on the stock in a research note on Wednesday, June 29th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 1,900 ($24.80) price objective on shares of Admiral Group plc in a research note on Thursday, July 28th. Peel Hunt restated a hold rating and set a GBX 1,620 ($21.15) price objective on shares of Admiral Group plc in a research note on Monday, July 11th. Finally, Macquarie restated an underperform rating and set a GBX 1,510 ($19.71) price objective on shares of Admiral Group plc in a research note on Tuesday, May 31st. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 1,806.93 ($23.59).
Admiral Group plc (LON:ADM) opened at 2080.00 on Friday. The firm’s market cap is GBX 5.56 billion. The stock’s 50 day moving average price is GBX 2,105.67 and its 200 day moving average price is GBX 1,987.01. Admiral Group plc has a 52 week low of GBX 1,454.00 and a 52 week high of GBX 2,288.00.
The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be given a dividend of GBX 62.90 ($0.82) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 3.02%.
In related news, insider Jones ,Geraint bought 87 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were purchased at an average cost of GBX 2,051 ($26.77) per share, with a total value of £1,784.37 ($2,329.16). Also, insider Holmes,Colin P sold 16,500 shares of Admiral Group plc stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of GBX 2,089 ($27.27), for a total value of £344,685 ($449,921.68).
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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