Admiral Group (LON:ADM) Hits New 1-Year High After Analyst Upgrade

Shares of Admiral Group plc (LON:ADM) hit a new 52-week high on Tuesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 4,243 price target on the stock, up from their previous price target of GBX 3,277. Admiral Group traded as high as GBX 3,784 and last traded at GBX 3,743.27, with a volume of 947242 shares traded. The stock had previously closed at GBX 3,590.

Separately, Royal Bank Of Canada downgraded Admiral Group to a “sector perform” rating and decreased their price objective for the company from GBX 3,560 to GBX 3,450 in a report on Friday, June 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 3,356.43.

Insider Activity

In related news, insider Geraint Jones purchased 249 shares of Admiral Group stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of GBX 3,308 per share, with a total value of £8,236.92. Corporate insiders own 13.71% of the company’s stock.

Admiral Group Price Performance

The firm has a market capitalization of £11.19 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.69 and a beta of 0.19. The stock’s fifty day simple moving average is GBX 3,471.50 and its 200 day simple moving average is GBX 3,220.53. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42.

About Admiral Group

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.