Peel Hunt reissued their hold rating on shares of Admiral Group (LON:ADM) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts have also commented on ADM. JPMorgan Chase & Co. lifted their price target on shares of 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. Barclays raised shares of Admiral Group to an overweight rating and lifted their price target for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a report on Monday, June 24th. Shore Capital reaffirmed a sell rating on shares of Admiral Group in a report on Wednesday, May 1st. Berenberg Bank lifted their price target 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 report on Monday, July 15th. Finally, UBS Group reaffirmed a sell rating and issued a GBX 2,000 ($26.13) price target on shares of Admiral Group in a report on Friday, August 9th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 2,080.40 ($27.18).
Shares of LON ADM traded up GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 2,117 ($27.66). The company’s stock had a trading volume of 597,506 shares, compared to its average volume of 850,550. 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 business has a fifty day simple moving average of GBX 2,204.38. The company has a debt-to-equity ratio of 57.61, a quick ratio of 1.16 and a current ratio of 1.67. The firm has a market cap of $6.15 billion and a price-to-earnings ratio of 15.48.
The company also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be issued a dividend of GBX 63 ($0.82) per share. This represents a dividend yield of 2.98%. The ex-dividend date is Thursday, September 5th. Admiral Group’s dividend payout ratio is currently 0.66%.
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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