Admiral Group (LON:ADM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Admiral Group plc (LON:ADM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,207.30 ($43.33) and traded as high as GBX 3,662 ($49.47). Admiral Group shares last traded at GBX 3,612 ($48.80), with a volume of 749,177 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on ADM. Royal Bank Of Canada lifted their price target on shares of Admiral Group from GBX 3,800 to GBX 4,100 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Berenberg Bank lifted their price target on shares of Admiral Group from GBX 3,850 to GBX 4,000 and gave the company a “buy” rating in a research report on Friday, August 15th. JPMorgan Chase & Co. lifted their price target on shares of Admiral Group from GBX 2,700 to GBX 3,050 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Citigroup lifted their price target on shares of Admiral Group to GBX 260 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,852.50.

Admiral Group Stock Up 0.3%

The company has a debt-to-equity ratio of 115.01, a current ratio of 7.57 and a quick ratio of 0.42. The business has a 50 day moving average price of GBX 3,396.63 and a 200 day moving average price of GBX 3,207.30. The firm has a market capitalization of £11.09 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Michael Brierley acquired 28 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were acquired at an average cost of GBX 3,272 per share, for a total transaction of £916.16. Also, insider Mike Rogers acquired 3,350 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was acquired at an average price of GBX 3,553 per share, for a total transaction of £119,025.50. Insiders own 18.30% of the company’s stock.

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.