Citigroup Boosts Admiral Group (LON:ADM) Price Target to GBX 260

Key Points

• Citigroup raised Admiral Group's price target to GBX 260 ($3.47), maintaining a "neutral" rating while indicating a potential downside of 92.15% from the stock's previous close.
• Berenberg Bank increased its target price for Admiral Group from GBX 3,550 ($47.43) to GBX 3,850 ($51.44) and assigned a "buy" rating to the stock.
• Admiral Group's shares experienced a slight increase of 0.3%, trading at GBX 3,314 ($44.28), with an insider purchase of 28 shares at GBX 3,272 ($43.71).

Admiral Group (LON:ADM - Get Free Report) had its price objective lifted by stock analysts at Citigroup to GBX 260 ($3.46) in a report issued on Tuesday, July 29th, MarketBeat.com reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target points to a potential downside of 92.43% from the company's current price.

Separately, Berenberg Bank increased their target price on Admiral Group from GBX 3,550 ($47.18) to GBX 3,850 ($51.17) and gave the stock a "buy" rating in a report on Tuesday, July 22nd.

Admiral Group Trading Down 0.7%

Shares of Admiral Group stock traded down GBX 24 ($0.32) on Tuesday, reaching GBX 3,436 ($45.67). 386,462 shares of the company's stock were exchanged, compared to its average volume of 1,983,282. The company has a market capitalization of £10.51 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. Admiral Group has a 52 week low of GBX 2,383 ($31.67) and a 52 week high of GBX 3,474.42 ($46.18). The firm's 50-day moving average is GBX 3,326.30 and its two-hundred day moving average is GBX 3,109.99. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57.

Insider Activity

In related news, insider Michael Brierley bought 28 shares of Admiral Group stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of GBX 3,272 ($43.49) per share, with a total value of £916.16 ($1,217.65). 18.30% of the stock is currently owned by corporate 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.