By Michele Maatouk
Date: Tuesday 13 Jun 2023
LONDON (ShareCast) - (Sharecast News) - Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to 'sell', saying that a 'deep dive' into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier.
"We downgrade Admiral to sell and issue a negative catalyst watch as we expect an earnings expectation reset and material downside risk into 1H23E numbers," Citi said.
The bank said it's 10% below both 1H23 and FY23 consensus earnings per share estimates.
At 0810 BST, the shares were down 5% at 2,208p.
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Currency | UK Pounds |
Share Price | 2,669.00p |
Change Today | -2.00p |
% Change | -0.07 % |
52 Week High | 2,837.00p |
52 Week Low | 2,029.00p |
Volume | 697,548 |
Shares Issued | 302.84m |
Market Cap | £8,083m |
RiskGrade | 91 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 2 |
Buy | 3 |
Neutral | 7 |
Sell | 2 |
Strong Sell | 1 |
Total | 15 |
Latest | Previous | |
---|---|---|
Final | Special | |
Ex-Div | 09-May-24 | 09-May-24 |
Paid | 07-Jun-24 | 07-Jun-24 |
Amount | 35.40p | 16.60p |
Time | Volume / Share Price |
17:29 | 115,933 @ 2,672.00p |
17:06 | 115,933 @ 2,672.00p |
16:51 | 4,989 @ 2,669.00p |
16:35 | 263,545 @ 2,669.00p |
16:35 | 1 @ 2,669.00p |
CFO | Geraint Jones |
CEO | Milena Mondini de Focatiis |
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