Admiral Group (LON:ADM) Cut to “Hold” at Berenberg Bank

Berenberg Bank cut shares of Admiral Group (LON:ADM) to a hold rating in a report issued on Thursday morning,Digital Look reports. They currently have GBX 4,200 price objective on the stock.

Several other equities research analysts also recently commented on ADM. Royal Bank Of Canada lifted their price objective on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a “sector perform” rating in a research note on Wednesday, August 12th. Citigroup boosted their price objective on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 3,569.67.

Admiral Group Stock Performance

Shares of LON ADM opened at GBX 4,024 on Thursday. The firm has a 50 day moving average of GBX 3,716.03 and a 200 day moving average of GBX 3,385.23. The firm has a market capitalization of £12.03 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a current ratio of 4.99, a quick ratio of 0.42 and a debt-to-equity ratio of 139.06. Admiral Group has a 12-month low of GBX 2,624 and a 12-month high of GBX 4,128.

Insiders Place Their Bets

In other news, insider Geraint Jones acquired 249 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Insiders own 13.71% of the company’s stock.

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.