Admiral Group (LON:ADM) Upgraded at Citigroup

Admiral Group (LON:ADM) was upgraded by Citigroup to a “buy” rating in a research note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a GBX 4,243 price target on the stock, up from their previous price target of GBX 3,277. Citigroup’s price target would suggest a potential upside of 13.57% from the company’s previous close.

Separately, Royal Bank Of Canada cut Admiral Group to a “sector perform” rating and decreased their target price for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 3,356.43.

Admiral Group Stock Up 4.1%

Admiral Group stock opened at GBX 3,736 on Tuesday. The company’s 50 day simple moving average is GBX 3,471.50 and its 200 day simple moving average is GBX 3,220.53. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42. The firm has a market capitalization of £11.17 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.69 and a beta of 0.19. Admiral Group has a fifty-two week low of GBX 2,624 and a fifty-two week high of GBX 3,738.

Insiders Place Their Bets

In other Admiral Group news, insider Geraint Jones bought 249 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of GBX 3,308 per share, with a total value of £8,236.92. Company insiders own 13.71% of the company’s stock.

About Admiral Group

Admiral Group plc is an established financial services provider offering motor, household, travel and pet insurance, as well as personal lending products, trading in five countries, namely the UK, France, Italy, Spain and the US. Founded in 1993, Admiral has grown to become an established multinational and multi-product insurer and is proud to be Wales’ only FTSE 100 Company. As the leading personal motor insurance provider in the UK, Admiral continues to focus on technology and agility, diversifying the businesses, and progressing with the evolution of motor.