Barclays Remains a Buy on Admiral (ADM)

Barclays reiterated a Buy rating on Admiral (ADM) in a report released September 3. Analyst Ivan Bokhmat kept the recommendation and set a price target of £40.83. Admiral’s shares closed yesterday at p3,836.00. Bokhmat covers the Financial sector and focuses on stocks such as Lancashire Holdings, Aviva plc, and Hiscox. TipRanks data shows Bokhmat has generated an average return of 6.6% with a 57.18% success rate on recommended stocks. The current analyst consensus on Admiral remains Hold, with an average price target of p4,034.50. For the quarter ended June 30, Admiral reported quarterly revenue of p2.77 billion and net profit of p329 million, versus p2.71 billion revenue and p401 million net profit a year earlier.