Admiral Group plc (ADM) Receives Average Rating of “Hold” from Brokerages
Shares of Admiral Group plc (LON:ADM) have earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 1,842.33 ($23.79).
Several analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Admiral Group plc from GBX 2,075 ($26.80) to GBX 1,965 ($25.38) and set a “neutral” rating for the company in a research note on Tuesday. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 1,845 ($23.83) price objective on shares of Admiral Group plc in a research note on Friday. Credit Suisse Group reiterated an “underperform” rating on shares of Admiral Group plc in a research note on Friday. Peel Hunt reiterated a “hold” rating and issued a GBX 1,751 ($22.61) price objective on shares of Admiral Group plc in a research note on Thursday, September 7th. Finally, Berenberg Bank lowered shares of Admiral Group plc to a “sell” rating and lifted their price objective for the company from GBX 1,635 ($21.12) to GBX 1,723 ($22.25) in a research note on Tuesday, September 5th.
Shares of Admiral Group plc (ADM) opened at 1844.00 on Tuesday. Admiral Group plc has a 52 week low of GBX 1,680.00 and a 52 week high of GBX 2,184.00. The firm has a 50-day moving average of GBX 2,017.69 and a 200 day moving average of GBX 2,005.31. The company’s market cap is GBX 4.94 billion.
Admiral Group plc (LON:ADM) last issued its quarterly earnings results on Tuesday, August 15th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. Admiral Group plc had a return on equity of 54.64% and a net margin of 29.40%. Equities analysts anticipate that Admiral Group plc will post $108.29 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be paid a dividend of GBX 56 ($0.72) per share. This represents a yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Admiral Group plc’s previous dividend of $51.50.
In other Admiral Group plc news, insider Jean Park purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of GBX 1,988 ($25.67) per share, for a total transaction of £39,760 ($51,349.61). Also, insider David Stevens sold 225,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($26.24), for a total transaction of £4,572,000 ($5,904,688.11).
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Admiral Group plc Company Profile
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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