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 boosted by Royal Bank Of Canada from GBX 3,800 to GBX 4,100 in a report published on Thursday, Marketbeat.com reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently commented on ADM. JPMorgan Chase & Co. boosted their target price on Admiral Group from GBX 2,700 to GBX 3,050 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Citigroup boosted their target price on Admiral Group to GBX 260 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, Berenberg Bank boosted their target price on Admiral Group from GBX 3,850 to GBX 4,000 and gave the company a "buy" rating in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Admiral Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,852.50.

Admiral Group Stock Down 0.6%

LON:ADM traded down GBX 22 during trading hours on Thursday, hitting GBX 3,634. 1,231,308 shares of the company's stock traded hands, compared to its average volume of 1,867,592. The firm has a market cap of £11.12 billion, a P/E ratio of 27.73, a P/E/G ratio of 1.69 and a beta of 0.18. Admiral Group has a twelve month low of GBX 2,383 and a twelve month high of GBX 3,686. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57. The stock's fifty day moving average price is GBX 3,380.60 and its two-hundred day moving average price is GBX 3,195.35.

Insider Transactions at Admiral Group

In related news, insider Michael Brierley acquired 28 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were bought at an average cost of GBX 3,272 per share, with a total value of £916.16. Also, insider Mike Rogers acquired 3,350 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of GBX 3,553 per share, for a total transaction of £119,025.50. 18.30% of the stock is owned by company 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.