Peel Hunt Reaffirms Hold Rating for Admiral Group (LON:ADM)

Peel Hunt restated their hold rating on shares of Admiral Group (LON:ADM) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on ADM. Shore Capital reiterated a sell rating on shares of Admiral Group in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on Admiral Group from GBX 1,900 ($24.83) to GBX 1,950 ($25.48) and gave the company an underweight rating in a report on Wednesday, July 24th. Berenberg Bank increased their price objective on Admiral Group from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) and gave the company a sell rating in a report on Monday, July 15th. Morgan Stanley reiterated an equal weight rating on shares of Admiral Group in a report on Wednesday, June 19th. Finally, Barclays upgraded Admiral Group to an overweight rating and increased their price objective for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a report on Monday, June 24th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Admiral Group has an average rating of Hold and a consensus target price of GBX 2,080.40 ($27.18).

Shares of LON ADM opened at GBX 2,150 ($28.09) on Wednesday. The stock’s 50-day moving average is GBX 2,202.24 and its two-hundred day moving average is GBX 2,161.15. The company has a debt-to-equity ratio of 57.61, a current ratio of 1.67 and a quick ratio of 1.16. Admiral Group has a 1-year low of GBX 1,901 ($24.84) and a 1-year high of GBX 2,300 ($30.05). The company has a market cap of $6.26 billion and a price-to-earnings ratio of 15.72.

The firm also recently disclosed a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 5th will be issued a GBX 63 ($0.82) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 2.98%. Admiral Group’s payout ratio is currently 0.66%.

In other news, insider David Stevens sold 225,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of GBX 2,126 ($27.78), for a total value of £4,783,500 ($6,250,490.00).

About Admiral Group

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.

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Analyst Recommendations for Admiral Group (LON:ADM)

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