Deutsche Bank Boosts Admiral Group (LON:ADM) Price Target to GBX 2,140

Admiral Group (LON:ADM) had its price target lifted by Deutsche Bank from GBX 2,100 ($27.62) to GBX 2,140 ($28.15) in a report published on Monday, Stock Target Advisor reports. Deutsche Bank currently has a hold rating on the stock.

A number of other analysts also recently issued reports on the company. Barclays restated an overweight rating on shares of Admiral Group in a research report on Monday, February 3rd. Royal Bank of Canada restated a sector performer rating on shares of Admiral Group in a research report on Friday, March 20th. Peel Hunt restated a hold rating on shares of Admiral Group in a research report on Wednesday, March 18th. Peel Hunt restated a hold rating and issued a GBX 2,230 ($29.33) price target on shares of Admiral Group in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded Admiral Group to a neutral rating and raised their price target for the stock from GBX 1,925 ($25.32) to GBX 2,125 ($27.95) in a research report on Monday, March 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 2,189.90 ($28.81).

Shares of ADM opened at GBX 2,168 ($28.52) on Monday. The company has a market cap of $6.37 billion and a PE ratio of 14.65. The business has a fifty day moving average of GBX 2,187.46 and a 200 day moving average of GBX 2,164.28. Admiral Group has a 52-week low of GBX 1,937 ($25.48) and a 52-week high of GBX 2,356 ($30.99). The company has a quick ratio of 1.17, a current ratio of 1.70 and a debt-to-equity ratio of 72.63.

The firm also recently announced a dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of GBX 77 ($1.01) per share. This represents a dividend yield of 3.53%. This is an increase from Admiral Group’s previous dividend of $63.00. The ex-dividend date of this dividend is Thursday, May 7th. Admiral Group’s dividend payout ratio (DPR) is 0.66%.

In other Admiral Group news, insider Annette Court bought 1,210 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of GBX 2,187 ($28.77) per share, for a total transaction of £26,462.70 ($34,810.18).

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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Analyst Recommendations for Admiral Group (LON:ADM)

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