Admiral Group plc (LON:ADM) Given Consensus Recommendation of “Hold” by Analysts

Admiral Group plc (LON:ADM) has been given an average recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 2,641.29 ($34.51).

ADM has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of Admiral Group from GBX 2,400 ($31.36) to GBX 2,800 ($36.58) and gave the company a “sector perform” rating in a research note on Friday, June 11th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 2,430 ($31.75) price target on shares of Admiral Group in a report on Monday, July 12th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 2,300 ($30.05) price target on shares of Admiral Group in a report on Wednesday, June 16th. JPMorgan Chase & Co. lowered their price target on shares of Admiral Group from GBX 2,730 ($35.67) to GBX 2,710 ($35.41) and set a “neutral” rating for the company in a report on Monday, September 6th. Finally, Peel Hunt reaffirmed a “reduce” rating and set a GBX 2,430 ($31.75) price target on shares of Admiral Group in a report on Monday, July 12th.

In related news, insider Milena Mondini de Focatiis sold 44 shares of Admiral Group stock in a transaction dated Tuesday, August 24th. The shares were sold at an average price of GBX 3,678 ($48.05), for a total value of £1,618.32 ($2,114.35). Also, insider Annette Court acquired 734 shares of the business’s stock in a transaction that occurred on Thursday, August 12th. The stock was purchased at an average price of GBX 3,606 ($47.11) per share, for a total transaction of £26,468.04 ($34,580.66).

LON:ADM traded down GBX 36 ($0.47) during trading hours on Friday, reaching GBX 3,416 ($44.63). 515,572 shares of the company were exchanged, compared to its average volume of 438,667. The company has a debt-to-equity ratio of 39.70, a current ratio of 0.90 and a quick ratio of 0.55. The firm has a market cap of £10.16 billion and a price-to-earnings ratio of 9.27. Admiral Group has a 52-week low of GBX 2,576 ($33.66) and a 52-week high of GBX 3,706 ($48.42). The stock has a 50 day simple moving average of GBX 3,494.42 and a 200 day simple moving average of GBX 5,230.09.

The firm also recently declared a dividend, which will be paid on Friday, October 1st. Stockholders of record on Thursday, September 2nd will be given a GBX 161 ($2.10) dividend. This is an increase from Admiral Group’s previous dividend of $86.00. This represents a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, September 2nd. Admiral Group’s dividend payout ratio (DPR) is presently 41.26%.

About Admiral Group

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, India, and the United States. The company operates through UK Insurance, International Insurance, Admiral Loans, and Other segments. It underwrites car, van, household, and travel insurance. The company operates conte.it, a car insurance website in Italy, as well as provides unsecured personal loans and car finance products.

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Analyst Recommendations for Admiral Group (LON:ADM)

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