Peel Hunt Increases Admiral Group (LON:ADM) Price Target to GBX 2,230

Admiral Group (LON:ADM) had its target price increased by Peel Hunt from GBX 2,150 ($28.28) to GBX 2,230 ($29.33) in a research report report published on Wednesday morning, Digital Look reports. The firm currently has a hold rating on the stock.

Several other research analysts also recently issued reports on ADM. Investec downgraded shares of Admiral Group to an add rating in a research note on Tuesday, January 21st. Barclays reiterated an overweight rating on shares of Admiral Group in a research note on Monday, February 3rd. Deutsche Bank reiterated a hold rating on shares of Admiral Group in a research note on Monday, February 3rd. Morgan Stanley upped their target price on shares of Admiral Group from GBX 1,900 ($24.99) to GBX 2,100 ($27.62) and gave the stock an equal weight rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Admiral Group from GBX 1,950 ($25.65) to GBX 1,925 ($25.32) and set an underweight rating on the stock in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 2,140.90 ($28.16).

Shares of LON ADM opened at GBX 2,326 ($30.60) on Wednesday. The firm’s 50 day moving average price is GBX 2,296.44 and its 200-day moving average price is GBX 2,157.02. The company has a market cap of $6.84 billion and a PE ratio of 16.84. Admiral Group has a 52-week low of GBX 1,989 ($26.16) and a 52-week high of GBX 2,343 ($30.82). The company has a debt-to-equity ratio of 76.28, a quick ratio of 0.77 and a current ratio of 1.10.

In related news, insider Andy Crossley acquired 943 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of GBX 2,109 ($27.74) per share, for a total transaction of £19,887.87 ($26,161.37).

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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