Admiral Group (LON:ADM) Cut to Hold at Berenberg Bank

Admiral Group (LON:ADM) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a research report issued on Thursday,Digital Look reports. They currently have a GBX 4,200 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 2.44% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Citigroup increased their target price on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a “sector perform” rating in a research report 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,569.67.

Admiral Group Price Performance

Shares of ADM opened at GBX 4,100 on Thursday. Admiral Group has a 1 year low of GBX 2,624 and a 1 year high of GBX 4,128. The company has a debt-to-equity ratio of 139.06, a current ratio of 4.99 and a quick ratio of 0.42. The company has a market capitalization of £12.25 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The business has a 50-day moving average of GBX 3,686.35 and a 200-day moving average of GBX 3,371.97.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Geraint Jones purchased 249 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of GBX 3,308 per share, with a total value of £8,236.92. Company insiders own 13.71% of the company’s stock.

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.