Admiral Group (LON:ADM) Price Target Raised to GBX 3,950

Admiral Group (LON:ADM) had its target price increased by Royal Bank Of Canada from GBX 3,450 to GBX 3,950 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 5.17% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank lifted their price objective on shares of Admiral Group from GBX 3,800 to GBX 4,200 and gave the company a “buy” rating in a report on Friday, August 7th. Citigroup increased their target price on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the stock a “buy” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Admiral Group has a consensus rating of “Hold” and a consensus price target of GBX 3,569.67.

Admiral Group Stock Performance

ADM opened at GBX 3,756 on Wednesday. The firm has a fifty day moving average price of GBX 3,561.51 and a 200 day moving average price of GBX 3,278.80. Admiral Group has a 1 year low of GBX 2,624 and a 1 year high of GBX 4,006. The stock has a market cap of £11.23 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 139.06, a current ratio of 4.99 and a quick ratio of 0.42.

Insider Activity

In related news, insider Geraint Jones bought 249 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. 13.71% of the stock is currently 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.