Admiral Group (LON:ADM) Cut to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Admiral Group (LON:ADM) to a sector perform rating in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have GBX 3,100 target price on the stock, down from their previous target price of GBX 3,600.

Several other research analysts also recently commented on ADM. The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating and dropped their target price for the stock from GBX 3,954 to GBX 2,902 in a report on Wednesday. UBS Group lowered Admiral Group to a “neutral” rating and dropped their price objective for the stock from GBX 3,950 to GBX 3,350 in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of GBX 2,716.

Admiral Group Stock Performance

Shares of ADM opened at GBX 2,650 on Thursday. Admiral Group has a 12 month low of GBX 2,627 and a 12 month high of GBX 3,686. The company has a current ratio of 7.57, a quick ratio of 0.42 and a debt-to-equity ratio of 115.01. The stock has a 50 day moving average of GBX 3,101.15 and a 200 day moving average of GBX 3,266.15. The company has a market capitalization of £7.92 billion, a price-to-earnings ratio of 9.81, a PEG 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.