Admiral Group (LON:ADM) Price Target Raised to GBX 4,200 at Berenberg Bank

Admiral Group (LON:ADM) had its price objective hoisted by Berenberg Bank from GBX 3,800 to GBX 4,200 in a research note released on Friday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

ADM has been the topic of several other reports. Royal Bank Of Canada downgraded shares of Admiral Group to a “sector perform” rating and decreased their price target for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Citigroup upgraded shares of Admiral Group to a “buy” rating and increased their target price for the stock from GBX 3,277 to GBX 4,243 in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,486.33.

Admiral Group Stock Performance

ADM opened at GBX 3,886 on Friday. 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 business has a fifty day simple moving average of GBX 3,541.19 and a 200 day simple moving average of GBX 3,266.97. Admiral Group has a 1 year low of GBX 2,624 and a 1 year high of GBX 4,006. The company has a market capitalization of £11.62 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19.

Insider Transactions at Admiral Group

In other news, insider Geraint Jones acquired 249 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of GBX 3,308 per share, for a total transaction of £8,236.92. 13.71% of the stock is owned by company insiders.

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.