JPMorgan Chase & Co. reiterated their underweight rating on shares of Admiral Group (LON:ADM) in a research note released on Thursday. JPMorgan Chase & Co. currently has a GBX 1,900 ($26.25) price objective on the stock.
Other equities analysts have also recently issued research reports about the company. Berenberg Bank restated a sell rating and set a GBX 1,723 ($23.80) price target on shares of Admiral Group in a report on Tuesday, February 13th. Deutsche Bank restated a hold rating on shares of Admiral Group in a report on Tuesday, February 13th. Barclays cut their price target on Admiral Group from GBX 1,801 ($24.88) to GBX 1,800 ($24.87) and set an underweight rating for the company in a report on Thursday, February 1st. HSBC cut their price target on Admiral Group from GBX 2,100 ($29.01) to GBX 2,045 ($28.25) and set a hold rating for the company in a report on Thursday, November 23rd. Finally, Peel Hunt restated an add rating and set a GBX 2,078 ($28.71) price target on shares of Admiral Group in a report on Wednesday, February 28th. Seven research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,887.82 ($26.08).
Admiral Group (LON ADM) opened at GBX 1,910.49 ($26.40) on Thursday. The firm has a market capitalization of $5,490.00 and a P/E ratio of 1,632.90. Admiral Group has a 1-year low of GBX 1,766 ($24.40) and a 1-year high of GBX 2,184 ($30.17).
In related news, insider Annette Court bought 1,740 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was purchased at an average price of GBX 1,889 ($26.10) per share, for a total transaction of £32,868.60 ($45,411.16).
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About Admiral Group
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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