Admiral Group (LON:ADM) Earns “Hold” Rating from Peel Hunt
Peel Hunt reiterated their hold rating on shares of Admiral Group (LON:ADM) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also issued reports on ADM. Barclays restated an overweight rating on shares of Admiral Group in a research report on Monday, February 3rd. Morgan Stanley upped their price target on shares of Admiral Group from GBX 1,900 ($24.99) to GBX 2,100 ($27.62) and gave the company an equal weight rating in a research report on Friday, February 7th. Deutsche Bank restated a hold rating on shares of Admiral Group in a research report on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of Admiral Group to a neutral rating and upped their price target for the company from GBX 1,925 ($25.32) to GBX 2,125 ($27.95) in a research report on Monday, March 9th. Finally, Investec lowered shares of Admiral Group to an add rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Admiral Group has an average rating of Hold and a consensus price target of GBX 2,160.90 ($28.43).
LON ADM traded down GBX 113 ($1.49) during trading on Wednesday, hitting GBX 2,053 ($27.01). 1,429,595 shares of the company’s stock traded hands, compared to its average volume of 850,550. The stock has a fifty day moving average of GBX 2,206.98 and a two-hundred day moving average of GBX 2,164.50. The company has a debt-to-equity ratio of 72.63, a current ratio of 1.70 and a quick ratio of 1.17. Admiral Group has a 12-month low of GBX 1,937 ($25.48) and a 12-month high of GBX 2,356 ($30.99). The firm has a market cap of $6.03 billion and a P/E ratio of 13.87.
In other news, insider Annette Court acquired 1,210 shares of the stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of GBX 2,187 ($28.77) per share, with a total value of £26,462.70 ($34,810.18).
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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