Admiral Group (LON:ADM) Downgraded by The Goldman Sachs Group to “Sell”

Admiral Group (LON:ADM) was downgraded by The Goldman Sachs Group to a “sell” rating in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 2,902 price target on the stock, down from their previous price target of GBX 3,954. The Goldman Sachs Group’s price target would indicate a potential downside of 1.70% from the stock’s previous close.

Separately, UBS Group lowered Admiral Group to a “neutral” rating and dropped their price objective for the company from GBX 3,950 to GBX 3,350 in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Admiral Group currently has a consensus rating of “Hold” and an average target price of GBX 2,858.86.

Admiral Group Price Performance

LON ADM traded down GBX 123.76 on Wednesday, hitting GBX 2,952.24. The stock had a trading volume of 121,096,203 shares, compared to its average volume of 9,240,523. The firm has a 50-day moving average of GBX 3,122.86 and a 200-day moving average of GBX 3,276.78. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57. Admiral Group has a 52-week low of GBX 2,627 and a 52-week high of GBX 3,686. The company has a market capitalization of £8.82 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18.

About Admiral Group

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.