Admiral Group plc (LON: ADM) Given the average “hold” recommendation by brokerage firms
Shares of Admiral Group plc (LON: ADM) have earned an average “Hold” recommendation from the eight research firms that currently cover the company, Marketbeat reports. Three investment analysts gave the stock a sell rating and four gave the company a conservation rating. The 12-month average price target among brokers who issued ratings on the stock in the past year is 2,599.86 GBX ($ 33.97).
A number of analysts have recently weighed on the title. Peel Hunt reiterated a “reduce” note and set a target price of 2,430 GBX ($ 31.75) on Admiral Group shares in a report released on Monday, July 12. Shore Capital reissued a “house equity” rating on Admiral Group shares in a research note on Wednesday, August 11. Royal Bank of Canada increased its price target on Admiral Group shares from 2,400 GBX ($ 31.36) to 2,800 GBX ($ 36.58) and assigned the share a “performance” rating. sectorial “in a research note on Friday 11 June. Barclays increased its price target for Admiral Group shares from 2,676 GBX ($ 34.96) to 2,751 GBX ($ 35.94) and gave the stock an “equal weight” rating in a research note on Friday July 16. Finally, Credit Suisse Group reissued an “underperformance” rating and issued a GBX 2,300 ($ 30.05) price target on Admiral Group shares in a research note on Wednesday, June 16.
Separately, insider Annette Court bought 734 shares of the company in a transaction dated Thursday, August 12. The shares were purchased at an average price of 3,606 GBX ($ 47.11) per share, for a total deal of £ 26,468.04 ($ 34,580.66).
Admiral Group shares traded lower by GBX 47 ($ 0.61) in Wednesday’s trading, reaching 3,641 GBX ($ 47.57). 117,493 shares of the stock were traded, for an average volume of 441,228. The company has a current ratio of 0.90, a rapid ratio of 0.55 and a debt ratio of 39.70. The stock’s fifty-day moving average is 3,345.64 GBX. The company has a market capitalization of £ 10.81 billion and a price-to-earnings ratio of 9.89. Admiral Group has a minimum of one year at 2,534 GBX ($ 33.11) and a maximum of one year at 3,706 GBX ($ 48.42).
The firm also recently announced a dividend, which will be paid on Friday, October 1. Shareholders of record on Thursday, September 2 will receive a dividend of 161 GBX ($ 2.10) per share. This is an increase from Admiral Group’s previous dividend of $ 86.00. The ex-dividend date of this dividend is Thursday, September 2. This represents a dividend yield of 4.67%. Admiral Group’s dividend payout ratio (DPR) is currently 0.30%.
Admiral Group Company Profile
Admiral Group plc offers auto insurance products primarily in UK, Spain, Italy, France, India and USA. The company operates through the UK Insurance, International Insurance, Admiral Loans and others segments. She takes out auto, van, home and travel insurance. The company operates Conte.it, an auto insurance website in Italy, and offers unsecured personal loans and auto finance products.
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