Admiral Group (LON:ADM) was upgraded by equities researchers at Investec to a “reduce” rating in a research note issued on Monday. The brokerage currently has a GBX 1,780 ($24.59) price target on the stock, up from their prior price target of GBX 1,750 ($24.18). Investec’s price target would indicate a potential downside of 6.24% from the stock’s current price.
A number of other equities analysts have also weighed in on ADM. HSBC dropped their target price on shares of Admiral Group from GBX 2,100 ($29.01) to GBX 2,045 ($28.25) and set a “hold” rating for the company in a research report on Thursday, November 23rd. Barclays dropped their target price on shares of Admiral Group from GBX 1,845 ($25.49) to GBX 1,801 ($24.88) and set an “underweight” rating for the company in a research report on Monday, December 11th. Deutsche Bank restated a “hold” rating on shares of Admiral Group in a research report on Tuesday, December 19th. JPMorgan Chase & Co. lowered shares of Admiral Group to an “underweight” rating and dropped their target price for the stock from GBX 1,980 ($27.36) to GBX 1,900 ($26.25) in a research report on Friday, January 5th. Finally, Peel Hunt restated an “add” rating and set a GBX 2,078 ($28.71) target price on shares of Admiral Group in a research report on Monday, January 22nd. Eight equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus price target of GBX 1,878.83 ($25.96).
Admiral Group (LON:ADM) opened at GBX 1,898.50 ($26.23) on Monday. Admiral Group has a 12-month low of GBX 1,766 ($24.40) and a 12-month high of GBX 2,184 ($30.17). The firm has a market cap of $5,490.00 and a price-to-earnings ratio of 1,622.65.
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.
Receive News & Ratings for Admiral Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Admiral Group and related companies with MarketBeat.com's FREE daily email newsletter.