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

Admiral Group (LON:ADM – Get Free Report) had its price target boosted by Berenberg Bank from GBX 3,800 to GBX 4,200 in a research report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 6.33% from the company’s current price.

Several other equities research analysts also recently weighed in on ADM. Citigroup raised shares of Admiral Group to a “buy” rating and lifted their price target for the company from GBX 3,277 to GBX 4,243 in a research note on Tuesday, July 28th. Royal Bank Of Canada lowered Admiral Group to a “sector perform” rating and lowered their target price for the stock from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Admiral Group currently has an average rating of “Hold” and a consensus price target of GBX 3,486.33.

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Admiral Group Stock Up 1.3%

Shares of LON ADM opened at GBX 3,950 on Friday. Admiral Group has a 52-week low of GBX 2,624 and a 52-week high of GBX 3,962. The company’s 50 day moving average price is GBX 3,529.39 and its 200-day moving average price is GBX 3,262.61. The company has a market capitalization of £11.81 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 131.19, a quick ratio of 0.42 and a current ratio of 6.56.

Insider Activity

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

About Admiral Group

(Get Free Report)

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.

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