Admiral Group (LON:ADM) Rating Increased to Buy at UBS Group

Admiral Group (LON:ADM) was upgraded by research analysts at UBS Group to a “buy” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The firm presently has a GBX 3,500 price target on the stock, up from their previous price target of GBX 3,300. UBS Group’s price objective suggests a potential upside of 10.55% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group cut Admiral Group to a “sell” rating and cut their target price for the company from GBX 3,954 to GBX 2,902 in a research note on Wednesday, January 21st. Royal Bank Of Canada lowered shares of Admiral Group to a “sector perform” rating and lowered their price target for the stock from GBX 3,600 to GBX 3,100 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 2,737.43.

Admiral Group Stock Up 1.5%

ADM stock traded up GBX 46 during midday trading on Tuesday, reaching GBX 3,166. The company had a trading volume of 5,536,107 shares, compared to its average volume of 6,779,992. The firm has a market capitalization of £9.46 billion, a PE ratio of 11.73, a P/E/G ratio of 1.69 and a beta of 0.23. The stock has a 50 day moving average price of GBX 2,915.14 and a 200 day moving average price of GBX 3,145.71. Admiral Group has a fifty-two week low of GBX 2,624 and a fifty-two week high of GBX 3,686.

Admiral Group (LON:ADM) last announced its quarterly earnings results on Thursday, March 5th. The company reported GBX 247.40 earnings per share for the quarter. Admiral Group had a return on equity of 51.59% and a net margin of 13.47%. Research analysts predict that Admiral Group will post 161.0199297 EPS for the current year.

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.