Admiral Group plc (ADM) Upgraded at Deutsche Bank AG
Deutsche Bank AG upgraded shares of Admiral Group plc (LON:ADM) to a hold rating in a research report released on Monday, MarketBeat reports. They currently have GBX 1,880 ($25.35) price target on the stock, up from their prior price target of GBX 1,845 ($24.88).
A number of other equities research analysts have also recently commented on the stock. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Admiral Group plc from GBX 2,075 ($27.98) to GBX 1,965 ($26.49) and set a neutral rating for the company in a research report on Tuesday, September 12th. Credit Suisse Group reissued an underperform rating on shares of Admiral Group plc in a research report on Friday, September 8th. Peel Hunt reissued a hold rating and set a GBX 1,751 ($23.61) target price on shares of Admiral Group plc in a research report on Thursday, September 7th. Berenberg Bank cut shares of Admiral Group plc to a sell rating and increased their target price for the company from GBX 1,635 ($22.04) to GBX 1,723 ($23.23) in a research report on Tuesday, September 5th. Finally, Shore Capital reissued a sell rating on shares of Admiral Group plc in a research report on Monday, August 7th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,836.60 ($24.76).
Admiral Group plc (LON ADM) opened at 1805.00 on Monday. Admiral Group plc has a one year low of GBX 1,680.00 and a one year high of GBX 2,184.00. The stock’s market capitalization is GBX 4.84 billion. The company has a 50-day moving average of GBX 1,983.24 and a 200-day moving average of GBX 2,004.02.
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The business also recently declared a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 7th will be issued a GBX 56 ($0.76) dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 2.74%. This is a boost from Admiral Group plc’s previous dividend of $51.50.
In related news, insider Jean Park purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of GBX 1,988 ($26.80) per share, with a total value of £39,760 ($53,606.58). Also, insider David Stevens sold 225,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of GBX 2,032 ($27.40), for a total transaction of £4,572,000 ($6,164,217.34).
About Admiral Group plc
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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