Deutsche Bank Raises Admiral Group (LON:ADM) Price Target to GBX 2,140
Admiral Group (LON:ADM) had its price objective lifted by Deutsche Bank from GBX 2,100 ($27.62) to GBX 2,140 ($28.15) in a research note released on Monday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.
ADM has been the topic of several other reports. Barclays restated an overweight rating on shares of Admiral Group in a research note on Monday, February 3rd. UBS Group reiterated a neutral rating on shares of Admiral Group in a research note on Monday, March 2nd. JPMorgan Chase & Co. upgraded Admiral Group to a neutral rating and increased their price target for the company from GBX 1,925 ($25.32) to GBX 2,125 ($27.95) in a research note on Monday, March 9th. Royal Bank of Canada reissued a sector performer rating on shares of Admiral Group in a report on Friday, March 20th. Finally, Peel Hunt restated a hold rating on shares of Admiral Group in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Admiral Group has a consensus rating of Hold and an average target price of GBX 2,164.90 ($28.48).
Shares of ADM opened at GBX 2,168 ($28.52) on Monday. Admiral Group has a 12 month low of GBX 1,937 ($25.48) and a 12 month high of GBX 2,356 ($30.99). The stock has a fifty day moving average price of GBX 2,189.84 and a 200-day moving average price of GBX 2,163.80. The company has a current ratio of 1.70, a quick ratio of 1.17 and a debt-to-equity ratio of 72.63. The firm has a market cap of $6.22 billion and a PE ratio of 14.65.
In other news, insider Annette Court bought 1,210 shares of Admiral Group stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of GBX 2,187 ($28.77) per share, for a total transaction of £26,462.70 ($34,810.18).
Admiral Group Company Profile
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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