Admiral Group (LON:ADM) had its price target cut by Goldman Sachs Group from GBX 2,542 ($33.22) to GBX 2,400 ($31.36) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other equities analysts have also issued reports on the company. Royal Bank of Canada reiterated a sector performer rating and issued a GBX 2,050 ($26.79) price objective on shares of Admiral Group in a research report on Thursday, August 15th. Deutsche Bank reiterated a hold rating on shares of Admiral Group in a research report on Tuesday, September 3rd. UBS Group upgraded Admiral Group to a neutral rating and boosted their price objective for the company from GBX 2,000 ($26.13) to GBX 2,075 ($27.11) in a research report on Tuesday, August 20th. JPMorgan Chase & Co. reiterated an underweight rating on shares of Admiral Group in a research report on Thursday, August 15th. Finally, Shore Capital reiterated a sell rating on shares of Admiral Group in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 2,119.50 ($27.70).
Shares of Admiral Group stock traded down GBX 2 ($0.03) during trading on Wednesday, hitting GBX 2,049 ($26.77). 532,032 shares of the company were exchanged, compared to its average volume of 850,550. The firm has a market capitalization of $5.96 billion and a P/E ratio of 14.84. Admiral Group has a 1-year low of GBX 1,912.50 ($24.99) and a 1-year high of GBX 2,300 ($30.05). The firm’s fifty day moving average price is GBX 2,053.12 and its 200 day moving average price is GBX 2,120.62. The company has a debt-to-equity ratio of 76.28, a current ratio of 1.10 and a quick ratio of 0.77.
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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