UBS Group Reaffirms Sell Rating for Admiral Group (LON:ADM)

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UBS Group reissued their sell rating on shares of Admiral Group (LON:ADM) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other research firms also recently weighed in on ADM. Morgan Stanley restated an equal weight rating on shares of Admiral Group in a research report on Wednesday, June 19th. Shore Capital restated a sell rating on shares of Admiral Group in a research report on Wednesday, August 14th. Deutsche Bank restated a hold rating on shares of Admiral Group in a research report on Friday, July 12th. Barclays upgraded Admiral Group to an overweight rating and raised their target price for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research report on Monday, June 24th. Finally, Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 2,050 ($26.79) price target on shares of Admiral Group in a report on Thursday. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Admiral Group has a consensus rating of Hold and an average target price of GBX 2,080.40 ($27.18).

LON ADM opened at GBX 2,150 ($28.09) on Thursday. The company has a market cap of $6.26 billion and a PE ratio of 15.57. The stock’s 50 day simple moving average is GBX 2,202.24 and its 200-day simple moving average is GBX 2,161.15. 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 debt-to-equity ratio of 76.28, a current ratio of 1.10 and a quick ratio of 0.77.

The business also recently declared 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 of this dividend is Thursday, September 5th. This represents a dividend yield of 2.98%. Admiral Group’s dividend payout ratio is presently 0.66%.

In related news, insider David Stevens sold 225,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of GBX 2,126 ($27.78), for a total value 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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Analyst Recommendations for Admiral Group (LON:ADM)

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