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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Admiral Group plc    ADM   GB00B02J6398

ADMIRAL GROUP PLC

(ADM)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 01/18 11:30:00 am
2927 GBX   +0.14%
01/14ADMIRAL : named a centre of Excellence in Wellbeing
PU
01/05INSIDER TRENDS : Insider at ASGN Awarded Stock Portion of Which is Sold for Taxes
MT
01/04ADMIRAL : Holding(s) in Company
AQ
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

FTSE ends higher on some positive earnings, insurers slip

02/27/2017 | 12:13pm EST
FILE PHOTO:  A man walks through the lobby of the London Stock Exchange in London

LONDON (Reuters) - Britain's top share index closed slightly higher on Monday, helped by earnings updates and weak sterling, although motor insurers were hit by a regulatory change that could lead to higher payouts.

The broader market was helped by sterling, which fell after talk of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union.

A weaker pound often helps the blue-chip FTSE 100 <.FTSE>, because the index is dominated by globally focused firms. The benchmark index finished 0.1 percent higher and was set to end the month up more than 2 percent, after retreating last month.

Companies such as Unilever, Bunzl and Convatec were among the top gainers.

Business supplies firm Bunzl (>> Bunzl plc) posted better-than-expected results, boosting it to the top of the FTSE, up 3.4 percent. Convatec (>> ConvaTec Group PLC), the medical supplies company, was up 1 percent.

Unilever (>> Unilever plc) was up 1.5 percent. Near Friday's close Chief Financial Officer Graeme Pitkethly said the Kraft Heinz bid had been a "trigger moment" for Unilever to focus more on short-term value creation.

However, motor insurers came under pressure, with shares in Admiral <ADM.L> and Direct Line (>> Direct Line Insurance Group PLC) falling 2.5 percent and 7.2 percent respectively.

They were hit by the government's reduction of a rate which discounts certain large motor claims. The Ministry of Justice cut the discount rate to minus 0.75 percent from 2.5 percent.

"We expect today's change to lead to premium price increases, in addition to those required to pass on ongoing non-bodily injury claims inflation," UBS analysts said in a note.

Direct Line said it expected profit before tax to fall by 215 million to 230 million pounds. Consultancy PwC said the rate change would add 50 to 75 pounds to the average motor insurance policy.

London Stock Exchange (>> London Stock Exchange Group Plc) also fell after its plans to merge with Deutsche Boerse faltered. LSE said it believed the European Commission is unlikely to clear the merger with its German peer. LSE shares finished 3.2 percent lower.

RBS (>> Royal Bank of Scotland Group plc) was down 1.1 percent, maintaining Friday's move down after the bank's results disappointed. Retailer ABF (>> Associated British Foods plc), which owns discount fashion brand Primark, fell 0.9 percent after its results.

"Primark's subdued like-for-like and upcoming margin headwinds are unlikely to prove conducive to continued near-term valuation rebuild," said Jefferies analysts, who have a 'hold' rating on the stock.

(Additional reporting by Atul Prakash; Editing by Larry King)

By Helen Reid


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
ADMIRAL GROUP PLC 0.21% 2929 Delayed Quote.0.79%
ASSOCIATED BRITISH FOODS PLC 0.93% 2270 Delayed Quote.0.27%
ATUL LTD -0.29% 6575.1 End-of-day quote.2.27%
BUNZL PLC -0.12% 2435 Delayed Quote.-0.33%
CHANGE INC. 1.18% 3420 End-of-day quote.-2.98%
CONVATEC GROUP PLC -1.00% 197.1 Delayed Quote.-1.05%
DIRECT LINE INSURANCE GROUP PLC -0.64% 327.4 Delayed Quote.2.63%
LONDON STOCK EXCHANGE PLC 0.85% 9212 Delayed Quote.2.26%
MSCI UNITED KINGDOM (STRD, UHD) -0.25% 1066.915 Real-time Quote.3.74%
NATWEST GROUP PLC 1.39% 160.75 Delayed Quote.-4.12%
NEXT PLC 1.02% 8100 Delayed Quote.14.31%
REACH PLC -1.88% 187.4 Delayed Quote.31.34%
SET -0.59% 1510.13 Real-time Quote.4.19%
THE LEAD CO., INC. -1.90% 826 End-of-day quote.-1.67%
UNILEVER PLC -0.73% 4362 Delayed Quote.-0.68%
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Financials
Sales 2020 679 M 923 M 923 M
Net income 2020 447 M 608 M 608 M
Net Debt 2020 234 M 319 M 319 M
P/E ratio 2020 19,7x
Yield 2020 4,98%
Capitalization 8 431 M 11 445 M 11 470 M
EV / Sales 2020 12,8x
EV / Sales 2021 11,2x
Nbr of Employees 11 246
Free-Float 65,3%
Chart ADMIRAL GROUP PLC
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Admiral Group plc Technical Analysis Chart | ADM | GB00B02J6398 | MarketScreener
Technical analysis trends ADMIRAL GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 15
Average target price 2 407,99 GBX
Last Close Price 2 929,00 GBX
Spread / Highest target 2,42%
Spread / Average Target -17,8%
Spread / Lowest Target -41,8%
EPS Revisions
Managers and Directors
NameTitle
Milena Mondini de Focatiis Chief Executive Officer
Annette Elizabeth Court Non-Executive Chairman
Geraint Allan Jones Chief Financial Officer & Executive Director
Charlotte Bennett Head-Information Technology
Matt Wintle Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
ADMIRAL GROUP PLC0.79%11 437
PROGRESSIVE CORPORATION-4.13%55 486
PICC PROPERTY AND CASUALTY COMPANY LIMITED5.62%17 815
TRYG A/S3.44%9 756
PORTO SEGURO S.A.1.14%3 040
QUÁLITAS CONTROLADORA, S.A.B. DE C.V.2.97%2 271