Admiral Group (LON:ADM) Downgraded to “Sector perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Admiral Group (LON:ADM) to a sector perform rating in a research report released on Thursday, Marketbeat reports. They currently have GBX 3,100 price objective on the stock, down from their prior price objective of GBX 3,600.

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

Admiral Group Stock Performance

Shares of ADM opened at GBX 2,812 on Thursday. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57. Admiral Group has a twelve month low of GBX 2,627 and a twelve month high of GBX 3,686. The firm’s 50 day moving average price is GBX 3,110.79 and its two-hundred day moving average price is GBX 3,271.30. The firm has a market cap of £8.41 billion, a P/E ratio of 10.41, a PEG ratio of 1.69 and a beta of 0.18.

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.