Admiral Group (LON:ADM) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised Admiral Group’s price target from GBX 4,243 to GBX 4,516 and maintained a “buy” rating, implying 14.33% potential upside.
• Analyst sentiment is mixed: Berenberg also raised its target and kept a “buy” rating, while RBC downgraded the stock to “sector perform.” Overall, MarketBeat reports an average rating of “Hold” and a consensus target of GBX 3,486.33.
• Admiral Group shares opened at GBX 3,950, near their one-year high of GBX 3,962; the company has an £11.81 billion market capitalization and a P/E ratio of 16.34.

Admiral Group (LON:ADM - Get Free Report) had its target price upped by stock analysts at Citigroup from GBX 4,243 to GBX 4,516 in a research report issued on Friday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 14.33% from the company's current price.

Several other analysts have also commented on the stock. Berenberg Bank raised their price target on shares of Admiral Group from GBX 3,800 to GBX 4,200 and gave the company a "buy" rating in a research report on Friday. Royal Bank Of Canada downgraded shares of Admiral Group to a "sector perform" rating and decreased their price objective for the stock from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 3,486.33.

Admiral Group Stock Performance

ADM opened at GBX 3,950 on Friday. 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 firm has a fifty day moving average price of GBX 3,529.39 and a 200 day moving average price 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. The stock has a market cap of £11.81 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.69 and a beta of 0.19.

Insider Buying and Selling at Admiral Group

In other Admiral Group news, insider Geraint Jones bought 249 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. 13.71% of the stock is currently owned by 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. 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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