Royal Bank Of Canada Issues Positive Forecast for Admiral Group (LON:ADM) Stock Price

Admiral Group (LON:ADM) had its price objective boosted by equities research analysts at Royal Bank Of Canada from GBX 3,450 to GBX 3,950 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 5.17% from the stock’s current price.

A number of other research firms also recently commented on ADM. Citigroup lifted their target price on Admiral Group from GBX 4,243 to GBX 4,516 and gave the stock a “buy” rating in a report on Friday, August 7th. Berenberg Bank raised their price target on shares of Admiral Group from GBX 3,800 to GBX 4,200 and gave the stock a “buy” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 3,569.67.

Admiral Group Stock Up 1.0%

Shares of ADM stock opened at GBX 3,756 on Wednesday. The stock’s 50-day simple moving average is GBX 3,561.51 and its 200-day simple moving average is GBX 3,278.80. The company has a debt-to-equity ratio of 139.06, a quick ratio of 0.42 and a current ratio of 4.99. The firm has a market capitalization of £11.23 billion, a PE ratio of 15.54, a P/E/G ratio of 1.69 and a beta of 0.19. Admiral Group has a fifty-two week low of GBX 2,624 and a fifty-two week high of GBX 4,006.

Insiders Place Their Bets

In related news, insider Geraint Jones purchased 249 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of GBX 3,308 per share, with a total value of £8,236.92. Corporate 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.