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

Admiral Group (LON:ADM) had its price target increased by Berenberg Bank from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) in a report issued on Monday, Digital Look reports. The firm currently has a sell rating on the stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley restated an overweight rating on shares of in a research note on Wednesday, June 19th. Deutsche Bank upped their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 12th. Barclays restated an overweight rating and set a GBX 310 ($4.05) price target on shares of in a research note on Monday, June 24th. Shore Capital restated a house stock rating on shares of WM Morrison Supermarkets in a research note on Wednesday, May 1st. Finally, Goldman Sachs Group set a €76.00 ($88.37) price target on shares of Symrise and gave the company a neutral rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Admiral Group currently has a consensus rating of Hold and a consensus price target of GBX 2,111.56 ($27.59).

Shares of ADM stock opened at GBX 2,276 ($29.74) on Monday. The stock has a market cap of $6.62 billion and a PE ratio of 16.64. The company has a quick ratio of 1.16, a current ratio of 1.67 and a debt-to-equity ratio of 57.61. The company’s 50 day simple moving average is GBX 2,168.64. Admiral Group has a 12 month low of GBX 1,885.50 ($24.64) and a 12 month high of GBX 2,300 ($30.05).

In other news, insider Michael Brierley bought 937 shares of the stock in a transaction on Wednesday, May 1st. The shares were acquired 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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Analyst Recommendations for Admiral Group (LON:ADM)

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