Admiral Group plc (ADM) Stock Rating Upgraded by Deutsche Bank AG
Admiral Group plc (LON:ADM) was upgraded by equities researchers at Deutsche Bank AG to a “hold” rating in a note issued to investors on Monday. The firm presently has a GBX 1,880 ($25.35) target price on the stock, up from their previous target price of GBX 1,845 ($24.88). Deutsche Bank AG’s price target points to a potential upside of 3.47% from the company’s previous close.
ADM has been the topic of a number of other reports. Credit Suisse Group restated an “underperform” rating and issued a GBX 1,750 ($23.59) price target on shares of Admiral Group plc in a report on Tuesday, August 22nd. Berenberg Bank cut shares of Admiral Group plc to a “sell” rating and upped their price target for the stock from GBX 1,635 ($22.04) to GBX 1,723 ($23.23) in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) cut their price target on shares of Admiral Group plc from GBX 2,075 ($27.98) to GBX 1,965 ($26.49) and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Macquarie restated an “underperform” rating and issued a GBX 1,500 ($20.22) price target on shares of Admiral Group plc in a report on Monday, June 19th. Finally, Shore Capital restated a “sell” rating on shares of Admiral Group plc in a report on Monday, August 7th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Admiral Group plc has an average rating of “Hold” and a consensus price target of GBX 1,836.60 ($24.76).
Shares of Admiral Group plc (LON:ADM) opened at 1813.00 on Monday. The company’s market cap is GBX 4.86 billion. Admiral Group plc has a 52 week low of GBX 1,680.00 and a 52 week high of GBX 2,184.00. The stock’s 50 day moving average is GBX 1,983.24 and its 200-day moving average is GBX 2,004.02.
In other Admiral Group plc news, insider David Stevens sold 225,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($27.40), for a total transaction of £4,572,000 ($6,164,217.34). Also, insider Jean Park purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of GBX 1,988 ($26.80) per share, with a total value of £39,760 ($53,606.58).
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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