Admiral Group’s (ADM) Sell Rating Reaffirmed at Shore Capital

Shore Capital reissued their sell rating on shares of Admiral Group (LON:ADM) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently commented on ADM. Morgan Stanley reiterated an equal weight rating on shares of Admiral Group in a research note on Wednesday, June 19th. UBS Group reiterated a sell rating and set a GBX 2,000 ($26.13) target price on shares of Admiral Group in a research note on Friday, August 9th. Barclays upgraded Admiral Group to an overweight rating and increased their target price for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research note on Monday, June 24th. Peel Hunt reiterated a hold rating on shares of Admiral Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Admiral Group from GBX 1,900 ($24.83) to GBX 1,950 ($25.48) and gave the company an underweight rating in a research note on Wednesday, July 24th. Five 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. The company has a consensus rating of Hold and a consensus price target of GBX 2,080.40 ($27.18).

Admiral Group stock opened at GBX 2,150 ($28.09) on Wednesday. The stock has a market cap of $6.26 billion and a P/E ratio of 15.57. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 76.28. The stock has a 50 day moving average of GBX 2,202.24 and a 200-day moving average of GBX 2,161.15. 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 company also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be given a dividend of GBX 63 ($0.82) per share. This represents a dividend yield of 2.98%. The ex-dividend date is Thursday, September 5th. Admiral Group’s dividend payout ratio is currently 0.66%.

In related news, insider David Stevens sold 225,000 shares of the company’s 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 transaction 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.

Further Reading: Retained Earnings

Analyst Recommendations for Admiral Group (LON:ADM)

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