Admiral Group (ADM) Price Target Raised to GBX 1,997
Admiral Group (LON:ADM) had its price objective hoisted by equities research analysts at Barclays from GBX 1,939 ($25.01) to GBX 1,997 ($25.76) in a research note issued on Friday. The firm currently has an “underweight” rating on the stock. Barclays’ price objective suggests a potential downside of 1.19% from the stock’s current price.
A number of other brokerages have also commented on ADM. 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. Peel Hunt lowered shares of Admiral Group to a “hold” rating and raised their price objective for the stock from GBX 2,073 ($26.74) to GBX 2,085 ($26.90) in a report on Friday, August 31st. 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. JPMorgan Chase & Co. restated an “underweight” rating on shares of Admiral Group in a report on Friday, August 17th. Finally, Shore Capital restated an “under review” rating on shares of Admiral Group in a report on Wednesday, August 15th. Five analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,943.10 ($25.07).
Shares of LON:ADM opened at GBX 2,021 ($26.07) on Friday. Admiral Group has a 12 month low of GBX 1,766 ($22.78) and a 12 month high of GBX 2,184 ($28.17).
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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