Admiral Group (LON:ADM) Rating Increased to Neutral at UBS Group
UBS Group upgraded shares of Admiral Group (LON:ADM) to a neutral rating in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 2,075 ($27.11) target price on the stock, up from their prior target price of GBX 2,000 ($26.13).
A number of other analysts also recently weighed in on the stock. Deutsche Bank reaffirmed a hold rating on shares of Admiral Group in a research report on Friday, July 12th. Royal Bank of Canada reissued a sector performer rating and set a GBX 2,050 ($26.79) price objective on shares of Admiral Group in a research report on Thursday, August 15th. Barclays raised shares of Admiral Group to an overweight rating and increased their price objective for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research report on Monday, June 24th. Morgan Stanley reissued an equal weight rating on shares of Admiral Group in a research report on Wednesday, June 19th. Finally, Berenberg Bank increased their price objective on shares of Admiral Group from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) and gave the company a sell rating in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 2,087.90 ($27.28).
LON:ADM opened at GBX 2,168 ($28.33) on Tuesday. The firm’s 50-day moving average price is GBX 2,193.88 and its 200-day moving average price is GBX 2,162.16. The company has a market capitalization of $6.28 billion and a PE ratio of 15.70. The company has a debt-to-equity ratio of 76.28, a current ratio of 1.10 and a quick ratio of 0.77. Admiral Group has a 1-year low of GBX 1,901 ($24.84) and a 1-year high of GBX 2,300 ($30.05).
In related news, insider David Stevens sold 225,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of GBX 2,126 ($27.78), for a total transaction of £4,783,500 ($6,250,490.00).
Admiral Group Company Profile
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.
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