Admiral Group (LON:ADM) had its price objective reduced by analysts at Goldman Sachs Group from GBX 2,440 ($31.88) to GBX 2,410 ($31.49) in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 12.30% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. Barclays reissued an “underweight” rating on shares of Admiral Group in a research report on Monday, January 21st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Admiral Group in a research report on Tuesday, January 22nd. Deutsche Bank reissued a “hold” rating on shares of Admiral Group in a research report on Monday, January 7th. Royal Bank of Canada raised Admiral Group to a “sector performer” rating and boosted their price objective for the stock from GBX 1,600 ($20.91) to GBX 2,050 ($26.79) in a research report on Tuesday, December 11th. Finally, Peel Hunt reissued a “neutral” rating and issued a GBX 1,920 ($25.09) price objective (down previously from GBX 2,040 ($26.66)) on shares of Admiral Group in a research report on Thursday, November 22nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,031.18 ($26.54).
Shares of Admiral Group stock opened at GBX 2,146 ($28.04) on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.67 and a debt-to-equity ratio of 57.61. Admiral Group has a 12-month low of GBX 1,823 ($23.82) and a 12-month high of GBX 2,227 ($29.10). The firm has a market cap of $5.78 billion and a P/E ratio of 15.69.
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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