Admiral Group (LON:ADM) had its price objective raised by Berenberg Bank from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) in a report published on Monday morning, Digital Look reports. Berenberg Bank currently has a sell rating on the stock.
Several other research analysts have also recently issued reports on the company. Shore Capital restated a house stock rating on shares of WM Morrison Supermarkets in a research note on Wednesday, May 1st. Peel Hunt restated a hold rating on shares of Charles Stanley Group in a research note on Thursday, April 11th. Deutsche Bank raised their price objective on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 12th. Morgan Stanley restated an overweight rating on shares of in a research note on Wednesday, June 19th. Finally, Barclays restated an overweight rating and issued a GBX 310 ($4.05) price objective on shares of in a research note on Monday, June 24th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 2,111.56 ($27.59).
Shares of LON:ADM opened at GBX 2,272 ($29.69) on Monday. Admiral Group has a 52-week low of GBX 1,885.50 ($24.64) and a 52-week high of GBX 2,300 ($30.05). The stock has a market capitalization of $6.61 billion and a PE ratio of 16.61. The company has a debt-to-equity ratio of 57.61, a quick ratio of 1.16 and a current ratio of 1.67. The business has a 50-day moving average price of GBX 2,164.12.
About Admiral Group
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.
Recommended Story: Stock Portfolio Tracker
Receive News & Ratings for Admiral Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Admiral Group and related companies with MarketBeat.com's FREE daily email newsletter.