Berenberg Bank Issues Positive Forecast for Admiral Group (LON:ADM) Stock Price

Key Points

• Berenberg Bank has raised its price target for Admiral Group from GBX 3,850 to GBX 4,000, indicating a potential upside of 12.17% from the previous close.
• Admiral Group shares traded down 0.7% to GBX 3,566, and the company has a market capitalization of £10.91 billion.
• Insider Michael Brierley purchased 28 shares of Admiral Group stock at an average price of GBX 3,272, with insiders owning 18.30% of the company's stock.

Admiral Group (LON:ADM - Free Report) had its target price lifted by Berenberg Bank from GBX 3,850 to GBX 4,000 in a research report report published on Friday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other analysts also recently issued reports on ADM. JPMorgan Chase & Co. boosted their target price on shares of Admiral Group from GBX 2,700 to GBX 3,050 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Citigroup increased their target price on shares of Admiral Group to GBX 260 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Admiral Group presently has an average rating of "Hold" and an average price target of GBX 2,436.67.

Admiral Group Price Performance

LON:ADM traded up GBX 10.52 during mid-day trading on Friday, reaching GBX 3,586.52. 612,482 shares of the stock were exchanged, compared to its average volume of 1,900,417. Admiral Group has a 1-year low of GBX 2,383 and a 1-year high of GBX 3,634.97. The company has a current ratio of 7.57, a quick ratio of 0.42 and a debt-to-equity ratio of 115.01. The firm has a market capitalization of £10.97 billion, a PE ratio of 27.37, a PEG ratio of 1.69 and a beta of 0.18. The business has a fifty day moving average price of GBX 3,352.86 and a 200 day moving average price of GBX 3,166.81.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Michael Brierley bought 28 shares of Admiral Group stock in a transaction dated Tuesday, July 15th. The shares were bought at an average price of GBX 3,272 per share, with a total value of £916.16. Also, insider Mike Rogers bought 3,350 shares of the business's stock in a transaction on Thursday, August 14th. The stock was bought at an average cost of GBX 3,553 per share, for a total transaction of £119,025.50. 18.30% of the stock is owned by corporate insiders.

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.