Admiral Group (LON:ADM) Rating Increased to Buy at Citigroup

Admiral Group (LON:ADM) was upgraded by investment analysts at Citigroup to a “buy” rating in a report released on Tuesday,Digital Look reports. The firm currently has a GBX 4,243 price objective on the stock, up from their prior price objective of GBX 3,277. Citigroup’s price objective suggests a potential upside of 13.57% from the company’s current price.

Separately, Royal Bank Of Canada lowered shares of Admiral Group to a “sector perform” rating and dropped their price objective for the stock from GBX 3,560 to GBX 3,450 in a report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 3,356.43.

Admiral Group Stock Up 4.1%

ADM opened at GBX 3,736 on Tuesday. The firm has a market cap of £11.17 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 131.19, a quick ratio of 0.42 and a current ratio of 6.56. The firm’s 50-day simple moving average is GBX 3,471.50 and its 200-day simple moving average is GBX 3,220.53. Admiral Group has a twelve month low of GBX 2,624 and a twelve month high of GBX 3,738.

Insider Activity

In other Admiral Group news, insider Geraint Jones purchased 249 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Company insiders own 13.71% 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. As the leading personal motor insurance provider in the UK, Admiral continues to focus on technology and agility, diversifying the businesses, and progressing with the evolution of motor.