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Home / Ranges / Admiral (ADM.L) 25-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Admiral (ADM.L) 25-02-20

Admiral (ADM.L): Currently in a trading range, will it continue within the current range and return to highs of 2326p? (+3%)

 

  • Currently trading around the 2259p support at 2253p (at time of writing).
  • The range has been reliable up to now. Will it continue?
  • Will the price continue in this range, returning to recent highs of 2326p? (+3%).
  • Technical traders should be mindful of news and developments.
  • Shares -3% from 12-month highs; +11% from 12 month lows.

Latest News

12 Feb:  Peel Hunt reiterates its hold rating on Admiral Group (ADM) and increased the target price to 2230p (from 2150p).

07 Feb:  Morgan Stanley reiterates its equal weight rating on Admiral Group (ADM) and increased the target price to 2100p (from 1900p).

07 Feb:  Admiral, the insurance group,  announced that it anticipated reporting better full year earnings due to lower UK personal injury claims, a development it said was ‘unusually positive’.

31 Jan:  JP Morgan Cazenove reiterates its underweight rating on Admiral Group (ADM) and reduced the target price to 1925p (from 1950p).

21 Jan:  Investec has downgraded its rating on Admiral Group (ADM) to add (from buy).

06 Dec:  David Stevens, Chief Executive Officer, has transferred out 205,000 shares within the firm on the 5th December 2019. This Director currently has 8,202,950 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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