Peel Hunt reaffirmed their add rating on shares of Admiral Group (LON:ADM) in a research report sent to investors on Friday morning. Peel Hunt currently has a GBX 2,078 ($28.71) target price on the stock.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Admiral Group to an underweight rating and reduced their target price for the stock from GBX 1,980 ($27.36) to GBX 1,900 ($26.25) in a report on Friday, January 5th. Barclays cut their price objective on Admiral Group from GBX 1,801 ($24.88) to GBX 1,800 ($24.87) and set an underweight rating on the stock in a report on Thursday, February 1st. Berenberg Bank reiterated a sell rating and set a GBX 1,723 ($23.80) price objective on shares of Admiral Group in a report on Tuesday, February 13th. Deutsche Bank reiterated a hold rating on shares of Admiral Group in a report on Tuesday, February 13th. Finally, HSBC cut their price objective on Admiral Group from GBX 2,100 ($29.01) to GBX 2,045 ($28.25) and set a hold rating on the stock in a report on Thursday, November 23rd. Eight research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has an average rating of Sell and a consensus target price of GBX 1,878.83 ($25.96).
Admiral Group (LON ADM) opened at GBX 1,945.50 ($26.88) on Friday. Admiral Group has a 1-year low of GBX 1,766 ($24.40) and a 1-year high of GBX 2,184 ($30.17). The stock has a market capitalization of $5,590.00 and a PE ratio of 1,662.82.
In other news, insider Annette Court bought 1,740 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average price of GBX 1,889 ($26.10) per share, with a total value of £32,868.60 ($45,411.16).
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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