Admiral Group (LON:ADM) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Admiral Group plc (LON:ADM)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,329 and traded as high as GBX 3,942. Admiral Group shares last traded at GBX 3,898.16, with a volume of 116,365,664 shares changing hands.

Wall Street Analyst Weigh In

ADM has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Admiral Group from GBX 3,450 to GBX 3,950 and gave the company a “sector perform” rating in a research note on Wednesday, August 12th. Citigroup raised their price objective on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Berenberg Bank lifted their target price on shares of Admiral Group from GBX 3,800 to GBX 4,200 and gave the company a “buy” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Admiral Group has an average rating of “Hold” and a consensus target price of GBX 3,569.67.

Admiral Group Price Performance

The company has a quick ratio of 0.42, a current ratio of 4.99 and a debt-to-equity ratio of 139.06. The stock has a market capitalization of £11.88 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.69 and a beta of 0.19. The company’s 50-day simple moving average is GBX 3,639.65 and its 200 day simple moving average is GBX 3,336.95.

Insider Activity

In related news, insider Geraint Jones purchased 249 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Company insiders own 13.71% 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. 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.