Admiral Group (LON:ADM) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Admiral Group plc (LON:ADM) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 3,555.57 and traded as high as GBX 3,750. Admiral Group shares last traded at GBX 3,750, with a volume of 418,270 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADM. Royal Bank Of Canada increased their price objective on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Citigroup lifted their target price on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Berenberg Bank cut shares of Admiral Group to a “hold” rating and set a GBX 4,200 target price for the company. in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,813.60.

Admiral Group Price Performance

The firm has a market capitalization of £11.17 billion, a P/E ratio of 17.12, a PEG ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 139.06, a quick ratio of 0.42 and a current ratio of 4.99. The firm has a 50-day moving average of GBX 3,810.11 and a 200-day moving average of GBX 3,559.53.

Insiders Place Their Bets

In other Admiral Group news, insider Rachel Lewis sold 6,481 shares of Admiral Group stock in a transaction on Monday, September 28th. The stock was sold at an average price of GBX 3,626, for a total value of £235,001.06. Also, insider Milena Mondini de Focatiis sold 39,950 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of GBX 3,626, for a total value of £1,448,587. 13.71% of the stock is currently owned by company insiders.

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.