Admiral Group (LON:ADM) Price Target Raised to GBX 4,100 at Royal Bank Of Canada

Key Points

• The Royal Bank of Canada raised its price target for Admiral Group from GBX 3,800 to GBX 4,100, suggesting an upside of 11.40% from the current price.
• Other brokerages, such as Berenberg Bank and JPMorgan Chase, have also adjusted their price targets for Admiral Group, indicating varying levels of confidence in the stock.
• Admiral Group's stock opened at GBX 3,680.56, with its 52-week range between GBX 2,383 and GBX 3,682, highlighting its recent performance in the market.

Admiral Group (LON:ADM - Free Report) had its target price hoisted by Royal Bank Of Canada from GBX 3,800 to GBX 4,100 in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Admiral Group from GBX 2,700 to GBX 3,050 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Citigroup raised their price objective on Admiral Group to GBX 260 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Berenberg Bank increased their price target on Admiral Group from GBX 3,850 to GBX 4,000 and gave the company a "buy" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Admiral Group has a consensus rating of "Moderate Buy" and an average price target of GBX 2,852.50.

Admiral Group Stock Down 0.6%

Shares of ADM stock traded down GBX 22 during trading hours on Thursday, hitting GBX 3,656. 358,789 shares of the company were exchanged, compared to its average volume of 1,871,495. The business has a 50 day moving average of GBX 3,374.18 and a two-hundred day moving average of GBX 3,186.31. The company has a market capitalization of £11.18 billion, a PE ratio of 27.90, a PEG ratio of 1.69 and a beta of 0.18. The company has a current ratio of 7.57, a quick ratio of 0.42 and a debt-to-equity ratio of 115.01. Admiral Group has a 52 week low of GBX 2,383 and a 52 week high of GBX 3,686.

Insiders Place Their Bets

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