Peel Hunt Reaffirms Hold Rating for Admiral Group plc (ADM)
Several other analysts have also recently issued reports on the company. Barclays PLC reiterated an underweight rating on shares of Admiral Group plc in a report on Thursday, September 22nd. Berenberg Bank increased their price objective on Admiral Group plc from GBX 1,657 ($20.51) to GBX 1,804 ($22.33) and gave the company a hold rating in a report on Friday, September 16th. Deutsche Bank AG reiterated a hold rating and set a GBX 1,725 ($21.35) price objective on shares of Admiral Group plc in a report on Wednesday, September 14th. HSBC increased their price objective on Admiral Group plc from GBX 1,865 ($23.08) to GBX 1,930 ($23.89) and gave the company a hold rating in a report on Thursday, September 8th. Finally, Macquarie reiterated an underperform rating and set a GBX 1,542 ($19.08) price objective on shares of Admiral Group plc in a report on Wednesday, September 7th. Six equities research 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 has a consensus rating of Hold and an average price target of GBX 1,806.93 ($22.36).
Shares of Admiral Group plc (LON:ADM) opened at 2004.00 on Tuesday. Admiral Group plc has a 12-month low of GBX 1,557.00 and a 12-month high of GBX 2,288.00. The company’s market cap is GBX 5.35 billion. The firm’s 50-day moving average price is GBX 2,048.53 and its 200 day moving average price is GBX 2,002.34.
The firm also recently announced a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were given a dividend of GBX 62.90 ($0.78) per share. This represents a dividend yield of 3.02%. The ex-dividend date was Thursday, September 8th.
In other Admiral Group plc news, insider Jones ,Geraint bought 87 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were purchased at an average cost of GBX 2,051 ($25.38) per share, for a total transaction of £1,784.37 ($2,208.38). Also, insider Holmes,Colin P sold 16,500 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of GBX 2,089 ($25.85), for a total value of £344,685 ($426,590.35).
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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