Admiral Group plc (LON:ADM) Given Consensus Rating of “Hold” by Brokerages

Admiral Group plc (LON:ADMGet Rating) has been given an average recommendation of “Hold” by the ten analysts that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,712.44 ($34.57).

ADM has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Admiral Group from GBX 2,900 ($36.96) to GBX 2,600 ($33.14) and set an “underweight” rating on the stock in a research note on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Admiral Group from GBX 2,950 ($37.60) to GBX 2,630 ($33.52) and set a “hold” rating on the stock in a research report on Wednesday, March 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,462 ($44.12) price target on shares of Admiral Group in a research note on Wednesday, March 23rd. Finally, Barclays raised shares of Admiral Group to an “overweight” rating and decreased their price objective for the company from GBX 3,061 ($39.01) to GBX 3,050 ($38.87) in a research report on Tuesday, March 29th.

LON:ADM opened at GBX 2,524 ($32.17) on Monday. The firm’s fifty day simple moving average is GBX 2,598.58 and its 200 day simple moving average is GBX 2,888.35. The company has a current ratio of 1.30, a quick ratio of 0.69 and a debt-to-equity ratio of 55.11. Admiral Group has a twelve month low of GBX 2,346 ($29.90) and a twelve month high of GBX 3,706 ($47.23). The firm has a market capitalization of £7.57 billion and a price-to-earnings ratio of 7.54.

The business also recently declared a dividend, which will be paid on Monday, June 6th. Stockholders of record on Thursday, May 5th will be given a dividend of GBX 118 ($1.50) per share. The ex-dividend date is Thursday, May 5th. This represents a dividend yield of 3.99%. Admiral Group’s payout ratio is 0.45%.

In other Admiral Group news, insider Geraint Jones bought 3,894 shares of the company’s stock in a transaction on Friday, March 4th. The shares were bought at an average cost of GBX 2,574 ($32.81) per share, with a total value of £100,231.56 ($127,748.61). Also, insider Milena Mondini de Focatiis purchased 6,443 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was acquired at an average cost of GBX 2,453 ($31.26) per share, with a total value of £158,046.79 ($201,436.13).

Admiral Group Company Profile (Get Rating)

Admiral Group plc provides car insurance products in the United Kingdom, Spain, Italy, France, India, and the United States. The company operates through UK Insurance, International Insurance, Admiral Loans, and Other segments. It underwrites car, van, household, and travel insurance, as well as offers unsecured personal and car loans, and legal services.

Further Reading

Analyst Recommendations for Admiral Group (LON:ADM)

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