Admiral Group (LON:ADM) Given New GBX 2,400 Price Target at Goldman Sachs Group

Admiral Group (LON:ADM) had its price objective decreased by Goldman Sachs Group from GBX 2,542 ($33.22) to GBX 2,400 ($31.36) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages also recently commented on ADM. Royal Bank of Canada reiterated a sector performer rating and set a GBX 2,050 ($26.79) target price on shares of Admiral Group in a report on Thursday, August 15th. UBS Group upgraded Admiral Group to a neutral rating and raised their target price for the company from GBX 2,000 ($26.13) to GBX 2,075 ($27.11) in a report on Tuesday, August 20th. Deutsche Bank reiterated a hold rating on shares of Admiral Group in a report on Tuesday, September 3rd. Barclays reiterated an overweight rating on shares of Admiral Group in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated an underweight rating on shares of Admiral Group in a report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 2,119.50 ($27.70).

Shares of LON:ADM traded down GBX 2 ($0.03) during mid-day trading on Wednesday, hitting GBX 2,049 ($26.77). 549,431 shares of the company traded hands, compared to its average volume of 850,550. The firm has a market cap of $5.96 billion and a P/E ratio of 14.84. The company has a debt-to-equity ratio of 76.28, a quick ratio of 0.77 and a current ratio of 1.10. Admiral Group has a 52-week low of GBX 1,912.50 ($24.99) and a 52-week high of GBX 2,300 ($30.05). The firm’s 50 day simple moving average is GBX 2,053.12 and its 200 day simple moving average is GBX 2,120.62.

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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Analyst Recommendations for Admiral Group (LON:ADM)

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