Admiral Group (LON:ADM - Get Free Report) had its target price raised by research analysts at JPMorgan Chase & Co. from GBX 2,700 ($35.84) to GBX 3,050 ($40.48) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 10.76% from the company's current price.
Several other equities research analysts also recently commented on the stock. Berenberg Bank upped their target price on shares of Admiral Group from GBX 3,550 ($47.12) to GBX 3,850 ($51.10) and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Citigroup lifted their target price on Admiral Group to GBX 260 ($3.45) and gave the stock a "neutral" rating in a research note on Tuesday.
Get Our Latest Stock Analysis on Admiral Group
Admiral Group Stock Performance
Shares of LON:ADM traded down GBX 0.06 ($0.00) during trading on Wednesday, reaching GBX 3,417.94 ($45.37). The stock had a trading volume of 69,768,805 shares, compared to its average volume of 2,473,879. Admiral Group has a 52 week low of GBX 2,383 ($31.63) and a 52 week high of GBX 3,474.42 ($46.12). The firm has a market capitalization of £10.46 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.69 and a beta of 0.18. The company has a quick ratio of 0.42, a current ratio of 7.57 and a debt-to-equity ratio of 115.01. The stock has a fifty day simple moving average of GBX 3,323.90 and a two-hundred day simple moving average of GBX 3,097.37.
Insider Activity
In other news, insider Michael Brierley acquired 28 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was purchased at an average price of GBX 3,272 ($43.43) per share, for a total transaction of £916.16 ($1,216.03). Insiders own 18.30% of the company's stock.
About Admiral Group
(
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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.
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