UBS Group Trims Admiral Group (ADM) Target Price to GBX 2,040
Admiral Group (LON:ADM) had its target price trimmed by UBS Group from GBX 2,090 ($27.31) to GBX 2,040 ($26.66) in a research report released on Tuesday morning, www.digitallook.com reports. The firm currently has a neutral rating on the stock.
A number of other brokerages also recently issued reports on ADM. Berenberg Bank upped their price objective on Admiral Group from GBX 1,723 ($22.51) to GBX 1,849 ($24.16) and gave the company a sell rating in a research note on Tuesday, August 28th. Peel Hunt restated an add rating and issued a GBX 2,073 ($27.09) price objective on shares of Admiral Group in a research note on Wednesday, August 15th. Numis Securities restated an add rating and issued a GBX 2,145 ($28.03) price objective (up previously from GBX 2,000 ($26.13)) on shares of Admiral Group in a research note on Wednesday, September 19th. Deutsche Bank upped their price objective on Admiral Group from GBX 2,075 ($27.11) to GBX 2,100 ($27.44) and gave the company a hold rating in a research note on Tuesday, October 9th. Finally, Shore Capital restated an under review rating on shares of Admiral Group in a research note on Wednesday, August 15th. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 1,966.20 ($25.69).
Shares of LON:ADM opened at GBX 2,003 ($26.17) on Tuesday. Admiral Group has a 1 year low of GBX 1,766 ($23.08) and a 1 year high of GBX 2,184 ($28.54).
In other news, insider Geraint Jones sold 32,300 shares of the company’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of GBX 2,044 ($26.71), for a total transaction of £660,212 ($862,683.91). Also, insider Annette Court purchased 1,195 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average cost of GBX 2,056 ($26.87) per share, for a total transaction of £24,569.20 ($32,104.01).
About Admiral Group
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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