Admiral Group plc (LON:ADM) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,119.50 ($27.70).
A number of analysts recently issued reports on the company. Shore Capital reissued a “sell” rating on shares of Admiral Group in a report on Wednesday, August 14th. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 2,050 ($26.79) price objective on shares of Admiral Group in a report on Thursday, August 15th. UBS Group raised Admiral Group to a “neutral” rating and raised their price target for the company from GBX 2,000 ($26.13) to GBX 2,075 ($27.11) in a report on Tuesday, August 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Admiral Group in a report on Thursday, August 15th. Finally, Barclays reaffirmed an “overweight” rating on shares of Admiral Group in a report on Thursday.
Shares of ADM opened at GBX 2,014 ($26.32) on Friday. The stock’s 50-day simple moving average is GBX 2,080.26 and its 200 day simple moving average is GBX 2,140.04. The stock has a market capitalization of $5.87 billion and a price-to-earnings ratio of 14.58. The company has a debt-to-equity ratio of 76.28, a quick ratio of 0.77 and a current ratio of 1.10. Admiral Group has a 52-week low of GBX 1,901 ($24.84) and a 52-week high of GBX 2,300 ($30.05).
The firm also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were issued a GBX 63 ($0.82) dividend. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 2.98%. Admiral Group’s payout ratio is currently 0.66%.
In related news, insider David Stevens sold 225,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was 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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