Citigroup Issues Positive Forecast for Admiral Group (LON:ADM) Stock Price

Admiral Group (LON:ADM) had its price objective raised by Citigroup from GBX 4,243 to GBX 4,516 in a report issued on Friday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on ADM. Berenberg Bank upped their price objective on shares of Admiral Group from GBX 3,800 to GBX 4,200 and gave the stock a “buy” rating in a research report on Friday. Royal Bank Of Canada downgraded Admiral Group to a “sector perform” rating and decreased their price target for the company from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Admiral Group has a consensus rating of “Hold” and a consensus target price of GBX 3,486.33.

Admiral Group Stock Performance

LON ADM opened at GBX 3,886 on Friday. Admiral Group has a 1 year low of GBX 2,624 and a 1 year high of GBX 4,006. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42. The firm has a market cap of £11.62 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.69 and a beta of 0.19. The company has a fifty day moving average price of GBX 3,541.19 and a 200-day moving average price of GBX 3,266.97.

Insider Transactions at Admiral Group

In other news, insider Geraint Jones bought 249 shares of the stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of GBX 3,308 per share, for a total transaction of £8,236.92. 13.71% of the stock is owned by corporate insiders.

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.