Admiral (ADM.L) 27-03-20
Admiral (ADM.L): will shares break the resistance level, or fall back to the 1887p support? (-17%)?
- Current price is 2284p (at time of writing).
- The resistance line has been robust.
- The shares have tested this level on numerous occasions, but be mindful of stop-loss placement.
- Will the share price rebound downwards once again to support at 1887p? (-17%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -2% from 12-month highs; +21% from 12 month lows.
Latest News
26 Mar: Goldman Sachs reiterates its buy rating on Admiral Group (ADM) and increased the target price to 2650p (from 2470p).
23 Mar: Deutsche Bank reiterates its hold rating on Admiral Group (ADM) and increased the target price to 2140p (from 2100p).
09 Mar: JP Morgan Cazenove has upgraded its rating on Admiral Group (ADM) to neutral (from underweight) and increased the target price to 2125p (from 1925p).
06 Mar: Annette Court, Chairman, bought 1,210 shares within the firm on the 6th March 2020 at a price of 2187p. This Director currently has 8,790 shares.
05 Mar: Admiral, the insurance company, announced that David Stevens would be retiring from the role as CEO next year.
12 Feb: Peel Hunt reiterates its hold rating on Admiral Group (ADM) and increased the target price to 2230p (from 2150p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires