Admiral Group (LON:ADM) PT Raised to GBX 2,140

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

Several other analysts have also commented on ADM. Barclays reaffirmed an overweight rating on shares of Admiral Group in a report on Monday, February 3rd. Peel Hunt reaffirmed a hold rating on shares of Admiral Group in a report on Wednesday, March 18th. Peel Hunt reaffirmed a hold rating and issued a GBX 2,230 ($29.33) price objective on shares of Admiral Group in a report on Wednesday, February 12th. Investec lowered Admiral Group to an add rating in a report on Tuesday, January 21st. Finally, Morgan Stanley lifted their price objective on Admiral Group from GBX 1,900 ($24.99) to GBX 2,100 ($27.62) and gave the stock an equal weight rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,189.90 ($28.81).

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

The company also recently announced a dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be issued a GBX 77 ($1.01) dividend. This represents a yield of 3.53%. This is a positive change 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 is currently 0.66%.

In other news, insider Annette Court purchased 1,210 shares of the stock in a transaction on Friday, March 6th. The shares were acquired at an average price of GBX 2,187 ($28.77) per share, with a total value of £26,462.70 ($34,810.18).

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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