Admiral Group (LON:ADM) PT Raised to GBX 2,356 at Barclays

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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.

In related news, insider Andy Crossley purchased 943 shares of Admiral Group stock in a transaction on Monday, November 25th. The stock was acquired at an average price of GBX 2,109 ($27.56) per share, for a total transaction of £19,887.87 ($25,987.02).

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.

See Also: Stochastic Momentum Index (SMI)

Analyst Recommendations for Admiral Group (LON:ADM)

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