Admiral Group (LON:ADM) had its target price raised by investment analysts at Barclays from GBX 2,288 ($29.90) to GBX 2,356 ($30.79) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 13.32% from the stock’s previous close.
A number of other analysts have also recently commented on the company. UBS Group upgraded Admiral Group to a “neutral” rating and upped their price objective for the company from GBX 2,000 ($26.13) to GBX 2,075 ($27.11) in a research report on Tuesday, August 20th. Peel Hunt reissued a “hold” rating on shares of Admiral Group in a research report on Tuesday, November 19th. Royal Bank of Canada restated a “sector performer” rating and set a GBX 2,050 ($26.79) price target on shares of Admiral Group in a research note on Thursday, August 15th. Shore Capital restated a “sell” rating on shares of Admiral Group in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Admiral Group in a research report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,128 ($27.81).
LON ADM opened at GBX 2,079 ($27.17) on Wednesday. The stock has a market capitalization of $6.14 billion and a price-to-earnings ratio of 15.05. Admiral Group has a 1-year low of GBX 1,912.50 ($24.99) and a 1-year high of GBX 2,300 ($30.05). The company has a debt-to-equity ratio of 76.28, a current ratio of 1.10 and a quick ratio of 0.77. The business’s fifty day moving average price is GBX 2,064.44 and its 200-day moving average price is GBX 2,117.61.
About Admiral Group
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.
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