Royal Bank Of Canada Reaffirms “Outperform” Rating for Admiral Group (LON:ADM)

Admiral Group (LON:ADM)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 3,560 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 7.75% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating and decreased their price objective for the company from GBX 3,954 to GBX 2,902 in a research note on Wednesday, January 21st. UBS Group raised Admiral Group to a “buy” rating and lifted their price target for the stock from GBX 3,300 to GBX 3,500 in a research report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 2,803.14.

Admiral Group Price Performance

Shares of ADM traded up GBX 2 during mid-day trading on Wednesday, reaching GBX 3,304. The company’s stock had a trading volume of 2,732,204 shares, compared to its average volume of 6,078,069. Admiral Group has a 12-month low of GBX 2,624 and a 12-month high of GBX 3,686. The stock has a market cap of £9.88 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.69 and a beta of 0.23. The company’s 50 day moving average is GBX 2,927.94 and its 200 day moving average is GBX 3,128.77.

Admiral Group (LON:ADM) last announced its quarterly earnings results on Thursday, March 5th. The company reported GBX 247.40 earnings per share (EPS) for the quarter. Admiral Group had a return on equity of 51.59% and a net margin of 13.47%. As a group, sell-side analysts anticipate that Admiral Group will post 161.0199297 EPS for the current fiscal year.

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.