Admiral Group’s (ADM) Sell Rating Reaffirmed at Shore Capital

Shore Capital reiterated their sell rating on shares of Admiral Group (LON:ADM) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

Several other research analysts also recently weighed in on ADM. Morgan Stanley reissued an equal weight rating on shares of Admiral Group in a research note on Wednesday, June 19th. Peel Hunt reissued a hold rating on shares of Admiral Group in a research note on Wednesday. Barclays raised shares of Admiral Group to an overweight rating and boosted their target price for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research note on Monday, June 24th. UBS Group reissued a sell rating and issued a GBX 2,000 ($26.13) target price on shares of Admiral Group in a research note on Friday, August 9th. Finally, Berenberg Bank boosted their target price on shares of Admiral Group from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) and gave the company a sell rating in a research note on Monday, July 15th. 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. The company has an average rating of Hold and a consensus price target of GBX 2,080.40 ($27.18).

Shares of ADM stock opened at GBX 2,150 ($28.09) on Wednesday. The firm has a 50-day moving average price of GBX 2,202.24 and a 200 day moving average price of GBX 2,161.15. Admiral Group has a twelve month low of GBX 1,901 ($24.84) and a twelve month high of GBX 2,300 ($30.05). The company has a market capitalization of $6.26 billion and a price-to-earnings ratio of 15.57. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 76.28.

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

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

Admiral Group Company Profile

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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