Admiral Group (ADM) Given Hold Rating at Deutsche Bank

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Admiral Group (LON:ADM)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report issued on Wednesday.

Several other equities research analysts have also issued reports on the company. Peel Hunt lowered Admiral Group to a “hold” rating and raised their target price for the company from GBX 2,073 ($27.09) to GBX 2,085 ($27.24) in a research report on Friday, August 31st. Berenberg Bank increased their price target on Admiral Group from GBX 1,723 ($22.51) to GBX 1,849 ($24.16) and gave the stock a “sell” rating in a research note on Tuesday, August 28th. Barclays increased their price target on Admiral Group from GBX 1,939 ($25.34) to GBX 1,997 ($26.09) and gave the stock an “underweight” rating in a research note on Friday, September 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Admiral Group in a research note on Friday, August 17th. Finally, Numis Securities reiterated an “add” rating and set a GBX 2,145 ($28.03) price target (up previously from GBX 2,000 ($26.13)) on shares of Admiral Group in a research note on Wednesday, September 19th. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of GBX 1,966.20 ($25.69).

Shares of Admiral Group stock opened at GBX 2,041 ($26.67) on Wednesday. Admiral Group has a 1 year low of GBX 1,766 ($23.08) and a 1 year high of GBX 2,184 ($28.54).

In other news, insider Geraint Jones sold 32,300 shares of the stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of GBX 2,044 ($26.71), for a total transaction of £660,212 ($862,683.91).

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 Car 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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