Admiral Group plc (LON:ADM) receives consensus “hold” recommendation from analysts

Admiral Group plc shares (LON:ADM – Get a rating) received an average recommendation of “Hold” by the ten rating agencies that cover the stock, Marketbeat reports. Four research analysts rated the stock with a sell recommendation, three gave the company a hold recommendation and two gave the company a buy recommendation. The average 1-year target price among brokerages that updated their coverage on the stock in the last year is 2,670.25 GBX ($33.60).

A number of research analysts have published reports on the company. Barclays reissued an “overweight” rating on Admiral Group shares in a report on Wednesday May 4. Morgan Stanley lowered its price target on Admiral Group from 2,900 GBX ($36.49) to 2,600 GBX ($32.72) and set an “underweight” rating for the company in a research note from the Tuesday, April 5. Deutsche Bank Aktiengesellschaft lowered its price target on Admiral Group from 2,950 GBX ($37.12) to 2,630 GBX ($33.09) and set a ‘hold’ rating for the company in a research note Wednesday, March 16. Finally, Berenberg Bank reaffirmed a “buy” rating and published a target price of 3,462 GBX ($43.56) on Admiral Group shares in a research note on Thursday, May 5.

Shares of LON ADM traded at 17 GBX ($0.21) at midday Friday, reaching 2,235 GBX ($28.12). 229,374 shares of the company were traded, against an average volume of 645,100. The company has a market capitalization of £6.70 billion and a PE ratio of 6.68. The stock’s 50-day simple moving average is 2,443.98 GBX and its 200-day simple moving average is 2,797.67 GBX. Admiral Group has a 12-month low of 2,128 GBX ($26.78) and a 12-month high of 3,706 GBX ($46.63). The company has a debt ratio of 55.11, a quick ratio of 0.69 and a current ratio of 1.30.

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The company also recently announced a dividend, which will be paid on Monday, June 6. Investors registered on Thursday, May 5 will receive a dividend of 118 GBX ($1.48). The ex-dividend date is Thursday, May 5. This represents a return of 3.99%. Admiral Group’s payout ratio is 0.45%.

In other news, insider Geraint Jones acquired 3,894 shares in a trade that took place on Friday, March 4. The share was bought at an average cost of 2,574 GBX ($32.39) per share, for a total transaction of £100,231.56 ($126,125.03). Additionally, Focatiis insider Milena Mondini purchased 6,443 shares of the company in a trade dated Monday, March 7. The shares were purchased at an average price of 2,453 GBX ($30.87) per share, with a total value of £158,046.79 ($198,876.04). During the last quarter, insiders purchased 14,815 shares of the company worth $35,827,209.

About the Admiral Group (Get a rating)

Admiral Group plc offers motor insurance products in the UK, Spain, Italy, France, India and the USA. The Company operates through UK Insurance, International Insurance, Admiral Loans and Other segments. It underwrites auto, van, home and travel insurance, as well as unsecured personal and auto loans, as well as legal services.

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Analyst Recommendations for Admiral Group (LON:ADM)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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