Citigroup Raises Admiral Group (LON:ADM) Price Target to GBX 260

Admiral Group (LON:ADM) had its price objective increased by stock analysts at Citigroup to GBX 260 ($3.45) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential downside of 92.21% from the stock’s current price.

Separately, Berenberg Bank upped their price objective on shares of Admiral Group from GBX 3,550 ($47.07) to GBX 3,850 ($51.05) and gave the stock a “buy” rating in a research report on Tuesday, July 22nd.

Admiral Group Stock Up 0.7%

Admiral Group stock opened at GBX 3,336.29 ($44.24) on Tuesday. The firm has a 50 day simple moving average of GBX 3,320.82 and a 200 day simple moving average of GBX 3,085.04. The company has a current ratio of 7.57, a quick ratio of 0.42 and a debt-to-equity ratio of 115.01. Admiral Group has a 1-year low of GBX 2,383 ($31.60) and a 1-year high of GBX 3,474.42 ($46.07). The firm has a market capitalization of £10.21 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.69 and a beta of 0.18.

Insider Buying and Selling at Admiral Group

In other Admiral Group news, insider Michael Brierley bought 28 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was bought at an average price of GBX 3,272 ($43.38) per share, for a total transaction of £916.16 ($1,214.74). Corporate insiders own 18.30% of the company’s stock.

Admiral Group Company Profile

Admiral Group plc is an established financial services provider offering motor, household, travel and pet insurance, as well as personal lending products, trading in five countries, namely the UK, France, Italy, Spain and the US. Founded in 1993, Admiral has grown to become an established multinational and multi-product insurer and is proud to be Wales’ only FTSE 100 Company.