Brokerages Set Admiral Group plc (LON:ADM) Price Target at GBX 2,716

Shares of Admiral Group plc (LON:ADM) have been assigned a consensus rating of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 2,716.

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Admiral Group to a “sell” rating and cut their price objective for the company from GBX 3,954 to GBX 2,902 in a research report on Wednesday, January 21st. Royal Bank Of Canada downgraded Admiral Group to a “sector perform” rating and cut their price target for the company from GBX 3,600 to GBX 3,100 in a report on Thursday, January 22nd. Finally, UBS Group lowered Admiral Group to a “neutral” rating and reduced their price target for the stock from GBX 3,950 to GBX 3,350 in a research note on Wednesday, December 17th.

Admiral Group Trading Up 1.2%

Shares of ADM stock opened at GBX 2,846 on Friday. The company has a market capitalization of £8.51 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.69 and a beta of 0.18. 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 firm has a 50-day moving average price of GBX 2,978.30 and a 200 day moving average price of GBX 3,204.43. Admiral Group has a twelve month low of GBX 2,624 and a twelve month high of GBX 3,686.

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.