Shares of Admiral Group plc (LON:ADM) have been given an average rating of “Sell” by the twelve research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,926 ($24.85).

A number of research firms recently issued reports on ADM. JPMorgan Chase & Co. restated an “underweight” rating on shares of Admiral Group in a report on Friday, August 17th. Peel Hunt restated an “add” rating and set a GBX 2,073 ($26.74) price objective on shares of Admiral Group in a report on Wednesday, August 15th. UBS Group restated a “neutral” rating and set a GBX 2,050 ($26.44) price objective on shares of Admiral Group in a report on Wednesday, August 15th. Berenberg Bank raised their price objective on shares of Admiral Group from GBX 1,723 ($22.23) to GBX 1,849 ($23.85) and gave the stock a “sell” rating in a report on Tuesday, August 28th. Finally, HSBC decreased their price objective on shares of Admiral Group from GBX 2,045 ($26.38) to GBX 2,010 ($25.93) and set a “hold” rating for the company in a report on Wednesday, May 9th.

LON ADM traded down GBX 22 ($0.28) during trading hours on Tuesday, reaching GBX 2,096 ($27.04). 755,498 shares of the company were exchanged, compared to its average volume of 850,550. Admiral Group has a 1 year low of GBX 1,766 ($22.78) and a 1 year high of GBX 2,184 ($28.17).

The firm also recently announced a dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 6th will be paid a GBX 60 ($0.77) dividend. This is an increase from Admiral Group’s previous dividend of $58.00. The ex-dividend date of this dividend is Thursday, September 6th. This represents a dividend yield of 2.86%.

In other Admiral Group news, insider Annette Court bought 1,195 shares of Admiral Group stock in a transaction dated Wednesday, August 15th. The stock was purchased at an average price of GBX 2,056 ($26.52) per share, for a total transaction of £24,569.20 ($31,694.01).

Admiral Group Company Profile

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Car Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.

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Analyst Recommendations for Admiral Group (LON:ADM)

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