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

Key Points

• Berenberg Bank raised Admiral Group’s price target from GBX 3,800 to GBX 4,200 and maintained a “buy” rating, implying 6.33% upside from the current price.
• Analyst sentiment is mixed: Citigroup upgraded the stock to “buy,” while Royal Bank of Canada downgraded it to “sector perform.” MarketBeat reports a consensus “hold” rating and average target of GBX 3,486.33.
• Admiral Group shares opened at GBX 3,950, up 1.3%, near their one-year high of GBX 3,962. Insider Geraint Jones also purchased 249 shares, while insiders collectively own 13.71% of the company.

Admiral Group (LON:ADM - Get Free Report) had its target price hoisted by Berenberg Bank from GBX 3,800 to GBX 4,200 in a research report issued on Friday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 6.33% from the stock's current price.

Several other equities research analysts also recently issued reports on the stock. Citigroup raised shares of Admiral Group to a "buy" rating and increased their price objective for the stock from GBX 3,277 to GBX 4,243 in a research report on Tuesday, July 28th. Royal Bank Of Canada downgraded Admiral Group to a "sector perform" rating and dropped their price target for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Admiral Group presently has a consensus rating of "Hold" and a consensus price target of GBX 3,486.33.

Admiral Group Stock Up 1.3%

Shares of Admiral Group stock opened at GBX 3,950 on Friday. 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 current ratio of 6.56 and a quick ratio of 0.42. The business has a 50-day moving average of GBX 3,529.39 and a two-hundred day moving average of GBX 3,262.61. Admiral Group has a 1 year low of GBX 2,624 and a 1 year high of GBX 3,962.

Insider Buying and Selling at Admiral Group

In other news, insider Geraint Jones bought 249 shares of the company's stock in a transaction dated Friday, June 5th. The stock was bought at an average price of GBX 3,308 per share, with a total value of £8,236.92. 13.71% of the stock is owned by 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. 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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