UBS Group Upgrades Admiral Group (LON:ADM) to Neutral
Admiral Group (LON:ADM) was upgraded by investment analysts at UBS Group to a “neutral” rating in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. The firm presently has a GBX 2,075 ($27.11) price objective on the stock, up from their previous price objective of GBX 2,000 ($26.13). UBS Group’s target price would suggest a potential downside of 4.60% from the company’s current price.
Several other analysts have also weighed in on the company. Peel Hunt reissued a “hold” rating on shares of Admiral Group in a report on Wednesday, August 14th. Barclays raised Admiral Group to an “overweight” rating and upped their target price for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a report on Monday, June 24th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Admiral Group in a report on Wednesday, June 19th. Royal Bank of Canada reaffirmed a “sector performer” rating and set a GBX 2,050 ($26.79) target price on shares of Admiral Group in a report on Thursday, August 15th. Finally, Berenberg Bank upped their target price on Admiral Group from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) and gave the company a “sell” rating in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Admiral Group has an average rating of “Hold” and an average target price of GBX 2,087.90 ($27.28).
Shares of Admiral Group stock opened at GBX 2,175 ($28.42) on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 76.28. The firm has a market cap of $6.33 billion and a P/E ratio of 15.75. Admiral Group has a fifty-two week low of GBX 1,901 ($24.84) and a fifty-two week high of GBX 2,300 ($30.05). The business has a 50-day moving average price of GBX 2,196.68 and a 200 day moving average price of GBX 2,161.93.
Admiral Group Company Profile
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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