Admiral Group (LON:ADM) Given “Underweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Admiral Group (LON:ADM) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also issued reports on the stock. Shore Capital reaffirmed a sell rating on shares of Admiral Group in a research note on Wednesday, August 14th. Peel Hunt reaffirmed a hold rating on shares of Admiral Group in a research note on Wednesday, August 14th. Barclays raised shares of Admiral Group to an overweight rating and lifted their price objective for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research note on Monday, June 24th. Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 2,050 ($26.79) price objective on shares of Admiral Group in a research note on Thursday. Finally, UBS Group reaffirmed a sell rating and issued a GBX 2,000 ($26.13) price objective on shares of Admiral Group in a research note on Friday, August 9th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Admiral Group has an average rating of Hold and an average target price of GBX 2,080.40 ($27.18).

ADM stock opened at GBX 2,150 ($28.09) on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 76.28. 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 company has a fifty day simple moving average of GBX 2,202.24 and a 200 day simple moving average of GBX 2,161.15. The firm has a market cap of $6.26 billion and a PE ratio of 15.57.

The company also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be issued a GBX 63 ($0.82) dividend. The ex-dividend date is Thursday, September 5th. This represents a yield of 2.98%. Admiral Group’s dividend payout ratio (DPR) is presently 0.66%.

In related news, insider David Stevens sold 225,000 shares of Admiral Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of GBX 2,126 ($27.78), for a total value of £4,783,500 ($6,250,490.00).

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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Analyst Recommendations for Admiral Group (LON:ADM)

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