Admiral Group (LON:ADM) was upgraded by stock analysts at Investec to a “reduce” rating in a research report issued on Monday. The brokerage currently has a GBX 1,780 ($24.59) price objective on the stock, up from their previous price objective of GBX 1,750 ($24.18). Investec’s target price points to a potential downside of 7.72% from the stock’s previous close.
A number of other research firms also recently weighed in on ADM. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,900 ($26.25) price objective on shares of Admiral Group in a report on Thursday. HSBC decreased their price objective on Admiral Group from GBX 2,100 ($29.01) to GBX 2,045 ($28.25) and set a “hold” rating on the stock in a report on Thursday, November 23rd. Deutsche Bank reaffirmed a “hold” rating on shares of Admiral Group in a report on Tuesday, February 13th. Peel Hunt reaffirmed an “add” rating and set a GBX 2,078 ($28.71) price objective on shares of Admiral Group in a report on Wednesday, February 28th. Finally, Barclays decreased their price objective on Admiral Group from GBX 1,845 ($25.49) to GBX 1,801 ($24.88) and set an “underweight” rating on the stock in a report on Monday, December 11th. Eight investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Admiral Group presently has an average rating of “Sell” and a consensus target price of GBX 1,878.83 ($25.96).
Shares of Admiral Group (LON:ADM) opened at GBX 1,929 ($26.65) on Monday. The firm has a market capitalization of $5,490.00 and a P/E ratio of 1,648.72. Admiral Group has a 1-year low of GBX 1,766 ($24.40) and a 1-year high of GBX 2,184 ($30.17).
ILLEGAL ACTIVITY WARNING: “Investec Upgrades Admiral Group (ADM) to “Reduce”” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://sportsperspectives.com/2018/03/12/investec-upgrades-admiral-group-adm-to-reduce.html.
Admiral Group Company Profile
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy within the United Kingdom.
Receive News & Ratings for Admiral Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Admiral Group and related companies with MarketBeat.com's FREE daily email newsletter.