Admiral Group (LON:ADM) Downgraded to "Hold" Rating by Berenberg Bank

Key Points

• Berenberg Bank downgraded Admiral Group to “Hold” and set a GBX 4,200 price target, implying approximately 2.44% upside from the current price.
• Analyst sentiment is mixed: Citigroup raised its target to GBX 4,516 with a “Buy” rating, while Royal Bank of Canada set a GBX 3,950 target with a “Sector Perform” rating. MarketBeat’s consensus rating remains “Hold,” with an average target of GBX 3,569.67.
• Admiral shares opened at GBX 4,100 and were down 0.7%, near their 52-week high of GBX 4,128. Insider Geraint Jones also purchased 249 shares for approximately £8,237.

Admiral Group (LON:ADM - Get Free Report) was downgraded by Berenberg Bank to a "hold" rating in a report issued on Thursday,Digital Look reports. They currently have a GBX 4,200 price target on the stock. Berenberg Bank's price objective points to a potential upside of 2.44% from the stock's current price.

Several other research firms have also weighed in on ADM. Citigroup raised their price objective on Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a "buy" rating in a research note on Friday, August 7th. Royal Bank Of Canada boosted their target price on Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a "sector perform" rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Admiral Group presently has an average rating of "Hold" and a consensus target price of GBX 3,569.67.

Admiral Group Trading Down 0.7%

Shares of ADM stock opened at GBX 4,100 on Thursday. Admiral Group has a fifty-two week low of GBX 2,624 and a fifty-two week high of GBX 4,128. The stock's fifty day moving average price is GBX 3,686.35 and its two-hundred day moving average price is GBX 3,371.97. The company has a debt-to-equity ratio of 139.06, a quick ratio of 0.42 and a current ratio of 4.99. The company has a market cap of £12.25 billion, a PE ratio of 16.96, a P/E/G ratio of 1.69 and a beta of 0.19.

Insider Activity

In other Admiral Group news, insider Geraint Jones acquired 249 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. 13.71% 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. 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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