Admiral Group (ADM) Downgraded by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut shares of Admiral Group (LON:ADM) to an underweight rating in a report issued on Friday. They currently have GBX 1,900 ($25.77) target price on the stock, down from their previous target price of GBX 1,980 ($26.85).
Other analysts have also issued reports about the stock. Peel Hunt upgraded shares of Admiral Group to an add rating and lifted their target price for the company from GBX 1,751 ($23.75) to GBX 2,078 ($28.18) in a research report on Tuesday, November 7th. HSBC reduced their price target on shares of Admiral Group from GBX 2,100 ($28.48) to GBX 2,045 ($27.73) and set a hold rating on the stock in a research report on Thursday, November 23rd. Deutsche Bank upped their target price on shares of Admiral Group from GBX 1,880 ($25.49) to GBX 1,980 ($26.85) and gave the stock a hold rating in a research report on Thursday, January 4th. Goldman Sachs Group reduced their target price on shares of Admiral Group from GBX 2,075 ($28.14) to GBX 1,965 ($26.65) and set a neutral rating on the stock in a research report on Tuesday, September 12th. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Admiral Group in a research note on Friday, September 8th. Seven analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 1,887.91 ($25.60).
Admiral Group (ADM) opened at GBX 1,887.50 ($25.60) on Friday. Admiral Group has a 12-month low of GBX 1,680 ($22.78) and a 12-month high of GBX 2,184 ($29.62). The stock has a market cap of $5,420.00 and a P/E ratio of 2,359.38.
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About Admiral Group
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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