Admiral Group (LON:ADM) Earns Outperform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada has restated its "outperform" rating for Admiral Group (LON:ADM) with a target price of GBX 4,100, indicating a potential upside of 14.59% from the stock's previous close.
• Insider transactions revealed increased confidence in Admiral Group, with Mike Rogers purchasing 3,350 shares and Michael Brierley acquiring 28 shares recently.
• Admiral Group currently holds a market cap of £10.69 billion and has a consensus rating of "Moderate Buy" from analysts, with a current average price target of GBX 2,852.50.

Admiral Group (LON:ADM - Get Free Report)'s stock had its "outperform" rating restated by Royal Bank Of Canada in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 4,100 target price on the stock. Royal Bank Of Canada's target price suggests a potential upside of 14.59% from the stock's previous close.

ADM has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of Admiral Group from GBX 2,700 to GBX 3,050 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Berenberg Bank increased their target price on shares of Admiral Group from GBX 3,850 to GBX 4,000 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Citigroup increased their target price on shares of Admiral Group to GBX 260 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 2,852.50.

Admiral Group Trading Down 0.7%

Shares of LON:ADM opened at GBX 3,578 on Tuesday. The company has a market cap of £10.69 billion, a PE ratio of 1,651.89, a P/E/G ratio of 1.69 and a beta of 0.18. The company's 50-day moving average price is GBX 3,405.15 and its 200 day moving average price is GBX 3,224.17. Admiral Group has a fifty-two week low of GBX 2,383 and a fifty-two week high of GBX 3,686. The company has a quick ratio of 0.42, a current ratio of 7.57 and a debt-to-equity ratio of 115.01.

Insiders Place Their Bets

In other Admiral Group news, insider Mike Rogers purchased 3,350 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of GBX 3,553 per share, with a total value of £119,025.50. Also, insider Michael Brierley purchased 28 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average cost of GBX 3,272 per share, for a total transaction of £916.16. Company insiders own 13.81% of the company's stock.

Admiral Group Company Profile

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.

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