Shares of Admiral Group plc (LON:ADM) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,842.33 ($23.79).
ADM has been the subject of several research reports. Berenberg Bank cut Admiral Group plc to a “sell” rating and raised their target price for the company from GBX 1,635 ($21.12) to GBX 1,723 ($22.25) in a research note on Tuesday, September 5th. Deutsche Bank AG raised their target price on Admiral Group plc from GBX 1,760 ($22.73) to GBX 1,845 ($23.83) and gave the company a “sell” rating in a research note on Friday, June 23rd. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,751 ($22.61) target price on shares of Admiral Group plc in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) decreased their target price on 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. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 2,100 ($27.12) target price on shares of Admiral Group plc in a research note on Tuesday, June 13th.
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In other news, insider David Stevens sold 225,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of GBX 2,032 ($26.24), for a total transaction of £4,572,000 ($5,904,688.11). Also, insider Jean Park bought 2,000 shares of Admiral Group plc stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of GBX 1,988 ($25.67) per share, with a total value of £39,760 ($51,349.61).
Admiral Group plc (ADM) traded down 0.83% on Tuesday, hitting GBX 1785.00. The stock had a trading volume of 1,194,623 shares. The company’s market cap is GBX 4.78 billion. Admiral Group plc has a one year low of GBX 1,680.00 and a one year high of GBX 2,184.00. The stock has a 50-day moving average of GBX 1,995.84 and a 200-day moving average of GBX 2,001.50.
The business also recently announced a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be issued a dividend of GBX 56 ($0.72) per share. This represents a dividend yield of 2.74%. This is an increase from Admiral Group plc’s previous dividend of $51.50. The ex-dividend date is Thursday, September 7th.
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 within the United Kingdom.
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