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

Admiral Group (LON:ADM) was downgraded by research analysts at Royal Bank Of Canada to a “sector perform” rating in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 3,450 price target on the stock, down from their previous price target of GBX 3,560. Royal Bank Of Canada’s price target would suggest a potential upside of 7.68% from the stock’s current price.

Separately, UBS Group upgraded Admiral Group to a “buy” rating and increased their price target for the stock from GBX 3,300 to GBX 3,500 in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 2,787.43.

Admiral Group Stock Down 4.7%

Shares of ADM stock opened at GBX 3,204 on Friday. The company has a market capitalization of £9.58 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.69 and a beta of 0.18. Admiral Group has a one year low of GBX 2,624 and a one year high of GBX 3,686. The company’s fifty day moving average price is GBX 3,344.87 and its 200-day moving average price is GBX 3,140.39. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42.

Insider Activity

In other news, insider Geraint Jones purchased 249 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of GBX 3,308 per share, with a total value of £8,236.92. Company insiders own 13.71% of the company’s stock.

Admiral Group Company Profile

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.