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.
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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