Berenberg Bank Boosts Admiral Group (LON:ADM) Price Target to GBX 1,943

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.

In other news, insider Michael Brierley acquired 937 shares of Admiral Group stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of GBX 2,214 ($28.93) per share, for a total transaction of £20,745.18 ($27,107.25).

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.

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