Admiral Group (LON:ADM) Stock Rating Lowered by Royal Bank Of Canada

Admiral Group (LON:ADM) was downgraded by research analysts at Royal Bank Of Canada to a “sector perform” rating in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 3,100 target price on the stock, down from their prior target price of GBX 3,600. Royal Bank Of Canada’s price objective suggests a potential upside of 16.98% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. UBS Group cut Admiral Group to a “neutral” rating and dropped their target price for the stock from GBX 3,950 to GBX 3,350 in a research report on Wednesday, December 17th. The Goldman Sachs Group cut shares of Admiral Group to a “sell” rating and lowered their price objective for the stock from GBX 3,954 to GBX 2,902 in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of GBX 2,716.

Admiral Group Stock Performance

ADM stock opened at GBX 2,650 on Thursday. The company has a debt-to-equity ratio of 115.01, a current ratio of 7.57 and a quick ratio of 0.42. Admiral Group has a 1 year low of GBX 2,627 and a 1 year high of GBX 3,686. The company has a market cap of £7.92 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The stock’s fifty day moving average price is GBX 3,101.15 and its 200-day moving average price is GBX 3,266.44.

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.