Admiral Group (LON:ADM) Stock Rating Lowered by JPMorgan Chase & Co.
Admiral Group (LON:ADM) was downgraded by stock analysts at JPMorgan Chase & Co. to an “underweight” rating in a research report issued on Friday, January 5th. They currently have a GBX 1,900 ($26.68) price target on the stock, down from their previous price target of GBX 1,980 ($27.81). JPMorgan Chase & Co.’s price target would indicate a potential upside of 0.85% from the company’s current price.
Other equities analysts have also issued reports about the company. Deutsche Bank upgraded Admiral Group to a “hold” rating and upped their target price for the company from GBX 1,845 ($25.91) to GBX 1,880 ($26.40) in a research note on Monday, September 18th. Peel Hunt restated a “hold” rating and set a GBX 1,751 ($24.59) price target on shares of Admiral Group in a research note on Thursday, September 7th. HSBC dropped their price target on Admiral Group from GBX 2,100 ($29.49) to GBX 2,045 ($28.72) and set a “hold” rating for the company in a research note on Thursday, November 23rd. Credit Suisse Group restated an “underperform” rating on shares of Admiral Group in a research note on Friday, September 8th. Finally, Barclays decreased their target price on Admiral Group from GBX 1,845 ($25.91) to GBX 1,801 ($25.29) and set an “underweight” rating for the company in a research report on Monday, December 11th. Seven equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,887.91 ($26.51).
Admiral Group (LON ADM) traded down GBX 4.50 ($0.06) during trading on Friday, reaching GBX 1,884 ($26.46). The company had a trading volume of 585,912 shares, compared to its average volume of 547,184. The firm has a market capitalization of $5,410.00 and a price-to-earnings ratio of 2,355.00. Admiral Group has a 52-week low of GBX 1,698 ($23.84) and a 52-week high of GBX 2,184 ($30.67).
About Admiral Group
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy within the United Kingdom.
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