Barclays Increases Admiral Group (LON:ADM) Price Target to GBX 2,356

Admiral Group (LON:ADM) had its price target boosted by equities research analysts at Barclays from GBX 2,288 ($29.90) to GBX 2,356 ($30.79) in a research note issued to investors on Wednesday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 12.40% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 2,050 ($26.79) price target on shares of Admiral Group in a research report on Thursday, August 15th. Deutsche Bank reaffirmed a “hold” rating on shares of Admiral Group in a report on Tuesday, September 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Admiral Group in a research report on Thursday, August 15th. Peel Hunt reissued a “hold” rating on shares of Admiral Group in a research note on Tuesday, November 19th. Finally, Goldman Sachs Group decreased their price objective on Admiral Group from GBX 2,542 ($33.22) to GBX 2,400 ($31.36) and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Admiral Group currently has an average rating of “Hold” and a consensus target price of GBX 2,128 ($27.81).

Shares of ADM opened at GBX 2,096 ($27.39) on Wednesday. The company has a debt-to-equity ratio of 76.28, a current ratio of 1.10 and a quick ratio of 0.77. The stock has a market capitalization of $6.14 billion and a price-to-earnings ratio of 15.18. Admiral Group has a 1 year low of GBX 1,912.50 ($24.99) and a 1 year high of GBX 2,300 ($30.05). The business’s 50 day simple moving average is GBX 2,065.90 and its 200-day simple moving average is GBX 2,117.39.

In other Admiral Group news, insider Andy Crossley bought 943 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of GBX 2,109 ($27.56) per share, for a total transaction of £19,887.87 ($25,987.02).

About Admiral Group

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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Analyst Recommendations for Admiral Group (LON:ADM)

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