Admiral Group (LON:ADM) Price Target Raised to GBX 4,000 at Berenberg Bank

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 raised by Berenberg Bank from GBX 3,850 to GBX 4,000 in a research report released on Friday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Citigroup upped their price objective on Admiral Group to GBX 260 and gave the company a "neutral" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. increased their target price on Admiral Group from GBX 2,700 to GBX 3,050 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 2,436.67.

Admiral Group Stock Performance

LON ADM traded up GBX 50 on Friday, reaching GBX 3,640. The stock had a trading volume of 385,200 shares, compared to its average volume of 1,890,672. The company has a debt-to-equity ratio of 115.01, a current ratio of 7.57 and a quick ratio of 0.42. The firm has a fifty day moving average of GBX 3,352.86 and a two-hundred day moving average of GBX 3,166.81. Admiral Group has a 1-year low of GBX 2,383 and a 1-year high of GBX 3,678. The company has a market cap of £11.14 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18.

Insider Activity

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

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.