Admiral Group (LON:ADM) Given New GBX 4,516 Price Target at Citigroup

Admiral Group (LON:ADM) had its target price boosted by investment analysts at Citigroup from GBX 4,243 to GBX 4,516 in a research note issued on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 14.33% from the stock’s previous close.

A number of other brokerages have also issued reports on ADM. Berenberg Bank lifted their price target on Admiral Group from GBX 3,800 to GBX 4,200 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada downgraded Admiral Group to a “sector perform” rating and reduced their price objective for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 3,486.33.

Admiral Group Price Performance

LON:ADM opened at GBX 3,950 on Friday. The stock has a 50 day moving average of GBX 3,529.39 and a two-hundred day moving average of GBX 3,262.61. Admiral Group has a 12 month low of GBX 2,624 and a 12 month high of GBX 3,962. The firm has a market cap of £11.81 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a current ratio of 6.56, a quick ratio of 0.42 and a debt-to-equity ratio of 131.19.

Insider Buying and Selling

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