Peel Hunt Reaffirms “Hold” Rating for Admiral Group (LON:ADM)

Peel Hunt reaffirmed their hold rating on shares of Admiral Group (LON:ADM) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on ADM. UBS Group reissued a neutral rating on shares of Admiral Group in a report on Monday, March 2nd. Deutsche Bank upped their target price on shares of Admiral Group from GBX 2,100 ($27.62) to GBX 2,140 ($28.15) and gave the company a hold rating in a research report on Monday. Barclays restated an overweight rating on shares of Admiral Group in a research report on Monday, February 3rd. Peel Hunt restated a hold rating and set a GBX 2,230 ($29.33) target price on shares of Admiral Group in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Admiral Group to a neutral rating and upped their target price for the company from GBX 1,925 ($25.32) to GBX 2,125 ($27.95) in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Admiral Group currently has an average rating of Hold and an average target price of GBX 2,189.90 ($28.81).

Shares of LON:ADM opened at GBX 2,267 ($29.82) on Tuesday. Admiral Group has a 12 month low of GBX 1,937 ($25.48) and a 12 month high of GBX 2,356 ($30.99). The company’s 50-day moving average price is GBX 2,187.46 and its two-hundred day moving average price is GBX 2,164.28. The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 72.63. The firm has a market cap of $6.37 billion and a P/E ratio of 15.32.

The firm also recently announced a dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be given a dividend of GBX 77 ($1.01) per share. The ex-dividend date is Thursday, May 7th. This is an increase from Admiral Group’s previous dividend of $63.00. This represents a yield of 3.53%. Admiral Group’s dividend payout ratio is presently 0.66%.

In other Admiral Group news, insider Annette Court bought 1,210 shares of the business’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of GBX 2,187 ($28.77) per share, for a total transaction of £26,462.70 ($34,810.18).

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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